Question1: Acme Mfg is considering two projects, A & B, with cash flows as shown below: Year Cfa CFb 0 $(50,000.00) $(100,000.00) 1 $ 20,000.00 $ 60,000.00 2 $ 20,000.00 $ 25,000.00 3 $ 20,000.00 $ 25,000.00 4 $ 20,000.00 $ 25,000.00 The opportunity cost of capital for A is 14%. The opportunity cost of capital for B is 10%. a. Calculate the NPV for each project. b. Calculate the IRR for each project. c. Which project(s) should be accepted in each of the following situations: (1) The projects are mutually exclusive and there is no capital constraint. (2) The projects are independent and there is no capital constraint. (3) The projects are independent and there is a total of $100,000 of financing for capital outlays in the coming period. d. Explain why the cost of capital for A might be higher than for B