Question 3 Consider the following two mutually exclusive projects: Whichever project you choose, if any, you require a 10% return on your investment. a. If you apply the payback criterion, which investment will you choose? b. If you apply the NPV criterion, which investment will you choose? c. If you apply the IRR criterion, which investment will you choose? (Better help with Excel) d. Based on your answers (a) through (c), which project will you finally choose? Question 3 Consider the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) 0 -$170,000 $18,000 1 30,000 15,000 20,000 10,000 15,000 3,000 380,000 3,000 Whichever project you choose, if any, you require a 10% return on your investment. a. If you apply the payback criterion, which investment will you choose? b. If you apply the NPV criterion, which investment will you choose? c. If you apply the IRR criterion, which investment will you choose? (Better help with Excel) d. Based on your answers (a) through (c), which project will you finally choose