Question: please show the step by step workkng You were asked to evaluate the following mutually exclusive investment proposals. Cash Flows Proposal Year 0 Year 1

please show the step by step workkng

please show the step by step workkng You were
You were asked to evaluate the following mutually exclusive investment proposals. Cash Flows Proposal Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 -97 400 34 000 34 000 34 000 34 000 34 000 Im -63 200 24 000 24 000 24 000 24 000 24 000 a. If the borrowing cost for both investment proposals is at 8 percent, determine which project(s) should be approved. (10marks) b. Calculate the MIRR of both projects, determine which project(s) should be approved

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