(This is all the information given by the professional) Max Laboratories is evaluating three independent projects. Project 1: Dog Treats, Project 2: Dog Food, and Project 3: Dog Toys.
Use the firm's WACC calculated above to evaluate the projects. w/10.25% MCC
	Treats	Food	Toys
	Cash Flows
Initial Investment	$ (4,000,000)	$ (3,800,000)	$ (4,400,000)
1	$ 1,200,000	$ 800,000	$ 2,300,000
2	$ 1,400,000	$ 1,000,000	$ 1,900,000
3	$ 1,500,000	$ 1,700,000	$ 1,000,000
4	$ 1,800,000	$ 2,200,000	$ 800,000
Std. Deviation of IRR	10%	8%	12%
1. Calculate Payback Period, NPV, IRR, and MIRR for all projects.
Which project(s) should the firm accept? Explain in detail the reasons for your recomendation.
For example, if you get a positive/negative NPV, is that a good or bad influence on your decision to approve/reject the project being evaluated? Also what is the criteria for IRR and MIRR?