1. The director of capital budgeting for a firm has identified two projects, A and B, with the following expected net cash flows: Expected Net Cash Flows Year Project A Project B Year 0 - $245 -$395 year 1 85 120 Year 2 75 165 Year 3 95 140 Year 4 65 135 Both of the projects have a cost of capital of 10 percent. 1a. What is Project A's and Project Bs discount payback (DPB)? DPB for A = ____________. DPB for B = ______________. 1b. What is the profitability index (PI) for Both Projects? Profitability Index for A = ____________. Profitability Index for B = _____________. 1c. What is the internal rate of return for Both Projects? IRR for Project A = _____________. IRR for Project B = ______________. 1d. Based on your findings above, what should the company do if both projects are independent to each other? Why? What if both projects are mutually exclusive?