(CHAPTER 9) Your boss is comparing 3 mutually exclusive projects with the following information: Your answer: Project #1 Project #2 Net Present Value $250 $310 Internal Rate of Return 12.53% 11.03% Profitability Index 2.50 1.80 Payback period 4.5 years 4.5 years The required payback period is 5 years. The required return is 9%. Project #3 $280 9.08% 1.01 2.6 years Which project would you recommend your boss to accept? (a) Project #1 (b) Project #2 (c) Project #3 (d) Projects #1 and #2 (e) Projects #2 and #3 (1) All three projects (el None of these projects