Use the following to answer question 21: Project A B Year 0 -$200 -$300 Year 1 $75 $150 Year 2 $125 $150 Year 3 $100 $125 21- (2 points) If the project A and B are mutually exclusive, which of the following is true? (both projects have a required return of 10%) A) With a payback cutoff of 1.5 years, both projects are unacceptable. B) The crossover rate for these two projects is 15.4%. C) Based on the NPV decision rule, we would choose project B. D) Based on the IRR decision rule, we would choose project A. E) All of the above. I 22- Preemptive rights refers to: A) The right of shareholders to share proportionately in dividends paid. B) The right of shareholders to share proportionately in any new stock issues sold. C) The right of shareholders to share proportionately in liquidated assets. D) The right of shareholders to vote at annual shareholder meetings. E) None of the above. 23. Which of the following typically applies to preferred stock but not to common stock? A) Voting rights B) Dividend yield C) Arrears D) It is legally considered equity E) None of the above 24- Dividends on the common stock of XYZ Inc. are expected to grow at a constant rate forever. If you are told XYZ's most recent dividend paid, its dividend growth rate, and a discount rate, you can calculate 1. the price today II. the price eight years from now III, the dividend that is expected to be paid 14 years from now A) I only B) I and II only C) I and III only D) II and III only E) I, II, and