Question: Please solve by hand and show all steps: 4. Your company is considering two mutually-exclusive projects with very unequal lives. The company's cost of capital

Please solve by hand and show all steps:

Please solve by hand and show all steps: 4. Your company is

4. Your company is considering two mutually-exclusive projects with very unequal lives. The company's cost of capital is 12 percent. The project cash flows are as follows: Year 0 1 2 3 P -$25,000 $14.742 $14,742 $14,742 mora -$23,000 6,641 6,641 6,641 6,641 6,641 6,641 6,641 6,641 6,641 5 6 7 8 9 IRR 35% 25% a. Compare the projects using payback. b. Compare the projects using the IRR. c. Compare the projects using the replacement chain approach. d. Compare the projects using the equivalent annual annuity (EEA) method. e. Choose a project and justify your

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