Big Company is evaluating two projects, Project A and Project B. Both projects are of equal risk. Big Company has a WACC of 9%. The expected Free Cash Flows of the projects are as follows: Period Annual Cash Flows Annual Cash Flows Project "A" Project "B" ($1,000) ($1,000) 775 100 275 450 2 120 745 3 Compute the Modified Internal Rate of Return (MIRR) for Project "A". Show your work to receive partial credit. The Modified Internal Rate of Return of Project "B" is 10.64%. If Projects "A" and "B" | are independent, considering only the MIRR method, which project(s) should Big Company proceed with? Explain your answe er. The Modified Internal Rate of Return of Project "B" is 40.64%. If Projects "A" and "B" are mutually exclusive, considering only the MIRR method, which project(s) should Big Company proceed with? Explain your