PLEASE USE EXCEL WITH FORMULA!!!Problem $2[4$ points$]$:

Mario Brothers, a game manufacturer, has a new idea for an adventure game. It can market either the game as a

traditional board game or as an interactive smart$-$phone application, but not both. Consider the following cash

flows of the two mutually exclusive projects for Mario Brothers. Assume the discount rate for the project is $10$

percent.

$($a$)$ Based on the Payback period rule, which project should you choose?

$($b$)$ Based on the MPV$,$ which project should you choose?

$($c$)$ Based on the IRR, which project should you choose?

$($d$)$ Based on the MIRR, which project should you choose?

$($e$)$ What project would you recommend?