Both projects require the same initial investment of $25 million. IRR of Project P = 20%; IRR of Project Q = 16% At a discount rate of 8%, both projects have equal NPV of $5,604,000 Based on the above information answer the following questions: (i) If the discount rate is 6%, which project is chosen and why. (ii) If the discount rate is 10% which project is chosen and why. (iii) If the discount rate is 13% and if Projects P and Q are not mutually exclusive and there are enough funds for both projects, which project would you choose. Explain your choice. (iv) If the discount rate is 22% and if Projects P and Q are not mutually exclusive and there are enough funds for both projects, which project would you choose. Explain your choice.