Cash flows from two different projects are given below

Cash Flow

Project ABC

Project XYZ

CF$0$

$-$$$27,000$

$-$$$27,000$

CF$1$

$$3,000$

$$6,000$

CF$2$

$$15,000$

$$12,000$

CF$3$

$$6,000$

$$15,000$

CF$4$

$$12,000$

$$9,000$

CF$5$

$$9,000$

$$3,000$

$(2$ pts$)$ Calculate the payback period of Project ABC.

$(3$ pts$)$ Calculate the IRR of both projects.

$(2$ pts$)$ Given the IRRs in part b$,$ if the required rate of return is $15\%$ and the two projects are mutually exclusive, which project$($s$)$ should be accepted?

$(3$pts$)$ Given the IRRs in part b$,$ if the required rate of return is $25\%$ and the two projects are independent, which project$($s$)$ should be accepted?

$(2$ pts$)$ What is the NPV of project XYZ if the required rate of return is $12\%?$