1. For the calculations of a, b, c, d, e, f, g, h from the data below, show all your works, and then choose which project or franchises of L and S is better? (40 points)

NPV_S, B) IRR_S , C) MIRR_S, D) Crossover rate or Crossover point, E) PI_S , F) Payback_S, G) Discounted Payback_S , H) EAA_S

2. For d, under the assumption that both projects are mutually exclusive, explain the case of conflict or no conflict with a graph, NPV, IRR, and crossover rate. (20 points)

(Data)

Cash Flows for Franchises L and S. (Discount rate r or WACC is 10%)
	Ls CFs	Ss CFs
0 year	-$110	-$110
1 year	$20	$60
2 year	$60	$50
3 year	$80	$20