Cash Flows ($) Project C C2 C3 C4 A -1,000 0 +1,000 +100 +100 B -1,000 +500 +500 +500 +500 C -1,000 +1,000 0 +400 0 -2,000 +200 +400 +800 +1,600 The opportunity cost of capital for projects of similar risk is 10%. (a) Calculate the NPV for each project. Based on the NPV rule, which projects would you accept? (b) Calculate the IRR for each project. Based on the IRR rule, which projects would you accept? (c) Calculate the payback period (in years) for each project. If the payback rule cutoff is one year, which project(s) would you accept? (d) Your firm is resource constrained and can only invest $2,000 in a project during the initial period. Which project(s) would you select?