For the two projects below, determine the acceptable projects based on the following: Payback Period Discounted Payback Net Present Value Profitability Index (Benefit-Cost Ratio) Internal Rate of Return Modified Internal Rate of Return Project A Project B Year Net Income Cash Flow Net Income Cash Flow 0 $(15,000) $(19,000) 1 $5,000 $6,000 $3,000 $4,000 2 $5,000 $6,000 $5,000 $6,000 3 $5,000 $6,000 $7,000 $8,000 4 $5,000 $6,000 $11,000 $12,000 Note that Project A is a Highest risk project while Project B is of Average risk. Assume your firm is in the 40% tax bracket, and that your cost of capital is 13%. The firm adjusts its projects with risk adjusted discount rates to account for project risks. The risk schedule applied is as follows: Risk Class Description RADR Below Average Less than Firm Average Risk 11% Average Risk equal to Firm Average Risk 13% Above Average Higher than Normal but Not Excessive Risk 15% Highest Risk Extremely High Risk 19% In a one-page summary, describe the rationale behind your project selection with detailed explanation about your preference for the selected project