CF CF Richardson Products is analyzing two mutually exclusive projects, each with a 3-year life. Both projects are of equal risk and the opportunity cost is 10%. The projected cash flows from two projects are as follows: 1) (12 points) Calculate the discounted payback period for each project. w Using the discounted payback decision rule, which project should be accepted? Copy the table in below to your answer and complete your answer Project P Project Q Discounted CF CUM Discounted CF Discounted CF CUM Discounted CF t=0-565,000 -565,000 40,000 0 t-2 30,000 0 t- 320.000 104,200 2)(10 points) Calculate the internal rate of return for each project. Using the IRR decision rule, which project should be accepted? 3) (12 points) Calculate the net present value for each project. Using the NPV decision rule, which project should be accepted? 4) (6 points) Among four decision rules, which one should be followed? Why? Windows (1+r)n-1 FVIF r.t = (1+0) FVIFAA 1 1 Splendid TSMO