NPV Your division is considering two projects with the following cash flows millions): 11-5DISCOUNTEDUPATO 11-6 $10 $9 $5 $10 Project A Project B $25 $20 a. what are the projects' NPVs assuming the WACC is 5%? 10%215%? b. What are the projects' IRRs at each of these WACCs? C. If the WACC was 5% and A and B were mutually exclusive, which project would : choose? What if the WACC was 10%0215%? (Hint: The crossover rate is 7.81%.) CAPITAL BUDGETING CRITERIA this year's capital budget. After-tax cash flows, including depreciation, are as follows 11-7 A firm with a 14% WACC is evaluating two projects 0 Project M-$30,000 $10,000 $10,000 $10,000 $10,000 $10.0 Project N $90,000 $28,000 $28,000 $28,000 $28,000 280 a. Calculate NPV, IRR, MIRR, payback, and discounted payback for each project. b. Assuming the projects are independent, which one(s) would you recommend