|Question 1: 1xDCA5x - This will need to be your question heading for Question 1. The following information about two mutually exclusive projects M and N are relevant for requirements (a) to (c) only. Max-V Company is considering investing in project-M, which will require an outlay of $450 million. The project will have a fouryear life and at the end of that time, the equipment will be scrapped. The project is expected to generate the following annual cash flows: The company has a required rate of return of 9.36\%. The company normally has twoyear payback criteria. The alternative project-N offers the following net cash flows: Year-0 (\$450m); Year-1 $125m; Year-2 $163m; Year-3 $221m and Year-4 $250m. (a) Calculate the (i) NPV, (ii) IRR, (iii) PVI, (iv) Payback period, (v) Discounted payback period for projects M and N. (b) Calculate the crossover rate (between projects M and N ) based on the cash flow data mentioned above. Show the range of required rates for which either project-M or project-N would be preferred. (c) Based on your findings in requirements a and b above, what would be the decision of selection of project (when the required rate of return is 9.36 percent)