Capital Budgeting Project Selection Assignment For the following two projects, determine the \& Payback Period \& Discounted Payback Net Present Value \& Profitability Index (Benefit-Cost Ratio) Internal Rate of Return Modified Internal Rate of Return \& Note that Project A is a Below Average risk project while Project B is of Above Average risk. Assume your firm is in the 40% tax bracket, and that your cost of capital is 9%. The firm adjusts its projects with risk adjusted discount rates to account for project risks. The risk schedule applied is as follows