Question: please solve using discounted payback period method only! 6. Suppose you are evaluating two mutually exclusive projects, Thing 1 and Thing 2, with the following

please solve using discounted payback period method only!
please solve using discounted payback period method only! 6. Suppose you are

6. Suppose you are evaluating two mutually exclusive projects, Thing 1 and Thing 2, with the following cash flows: Year 2000 2001 2002 2003 2004 End-of-year cash flows Thing 1 Thing 2 -$10,000 -$10,000 10 IND 0 Phappro 3,293 3,293 3,293 3,293 0 14,641 (a) If the cost of capital on both projects is 5%, which project, if any, would you choose? Why

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