please solve this question with all the steps in it and like the given

3. Your division is considering two investment projects, each of which requires an up-front expenditure of $25 million. You estimate that the cost of 1 capital is 10% and that the investments will produce the following after-tax cash flows in millions of dollars): Year Project Project 0 -25 25 1520 2 10 10 3 15 206 10 a. If the two projects are independent and the cost of capital is 10%, which project or projects should the firm undertake? NPY. NPVA 17 b. If the two projects are mutually exclusive and the cost of capital is 5%, which project should the firm NPVA NPV- 24 c. If the two projects are mutually exclusive and the cost of capital is 15%, which project should the firm undertake 25 26 NPVA- NPV, - 30 d. What is the crossover rate? Cash Flow Differential Yearl Cash Flow Differential 0 11 Crossover rate = e. If the cost of capital is 10%, what is the modified IRR (MIRR) of each project? MIRRA = MIRR = t. What is the discounted payback period for each of the projects ? Year Project A CFS Discounted CFs Cumulative CFS 0 1 2 -25 51 10 15 20 31 4 Year Project Discounted CF Cumulative CFS OL25 Discounted Paybacka Discounted Paybacka - 1 2