Cash Flows ($ min) Projects Alpha Beta Gamma Delta CF1 4.75 3.85 CF3 4.75 CFO -12.55 -8.25 -6.25 -24.95 CF2 4.75 4.75 CF4 4.75 4.95 0 0 0 0 0 12.75 43.95 0 0 Popcorn Corp. is considering the above four mutually exclusive projects. The firm has a marginal tax rate of 25%, an average tax rate of 17.5% and a WACC of 7.25%. Management is trying to decide between projects Alpha and Beta. To do so, management should employ as their decision criteria, for which Alpha would have a value of $ min and Beta would have a value of $ min. As such, the firm should choose project Cash Flows ($ mln) Projects Alpha Beta Gamma Delta CF. -12.55 -8.25 -6.25 -24.95 CF1 4.75 3.85 0 0 CF2 4.75 4.75 CF3 4.75 4.95 CFA 4.75 0 12.75 43.95 0 0 0 0 PI Popcorn Corp. is considering the above four mutually exclusive projects. The firm has a marginal tax rate of 25%, an average tax rate of 17.5% and a WACC of 7.25%. Management is trying to decide between projects Alpha and Beta. To do so, management should employ as their decision criteria, for which Alpha would have a value of $ Payback Period In and Beta would have a value of $ min. As such, IRR Incremental IRR Discounted Payback Period NPV EAA Cash Flows ($ min) CF1 Projects Alpha Beta CF2 4.75 CF -12.55 -8.25 -6.25 -24.95 4.75 3.85 0 4.75 CF3 4.75 4.95 0 0 CF4 4.75 0 12.75 43.95 0 Gamma Delta 0 0 Popcorn Corp. is considering the above four mutually exclusive projects. The firm has a marginal tax rate of 25%, an average tax rate of 17.5% and a WACC of 7.25%. Management is trying to decide between projects Alpha and Beta. To do so, management should employ as their decision criteria, for which Alpha would have a value of $ min and Beta would have a value of $ min. As such, the firm should choose projed Beta Alpha