C. (1) Define the term net present value (NPV) or what is the rationale behind the NPV method? What is each project's NPV? (2) According to NPV, which project or projects should be accepted if they are independent? Mutually exclusive? D. (1) Define the term internal rate of return (IRR) or what is the logic behind the IRR method? What is each project's IRR? (2) According to IRR, which project or projects should be accepted if they are independent? Mutually exclusive? H. (1) What is the payback period or what is the rationale for the payback method? Find the paybacks for Projects L and S. (2) According to the payback criterion, which project or projects should be accepted if the firm's maximum acceptable payback is 5 years, and if Projects L and S are independent? Mutually exclusive? Depreciation, salvage values, net operating working capital requirements, and tax effects are all included in these cash flows. The CFO also made subjective risk assessments of each project, and he concluded that both projects have risk characteristics that are similar to the firm's average project. Allied's WACC is 10%. You must now determine hether one or both of the projects should be accepted