1. You have a choice between 3 different projects. Project A gives you an NPV of $36, Project B gives you an NPV of $1090 and Project C gives you an NPV of $1180. (a) If A, B, and C are mutually exclusive, which project(s) will you choose? (b) If A, B, and C are independent, which project(s) will you choose? 2. True or False, the main reason people use NPV calculations over IRR is because IRR uses the required rate of return given by the company interested in purchasing the project while NPV does not. 3. Please identify what the following definition describes; the changes in day-to-day cash flows that result from the purchase of a capital project and continue until the firm disposes of the asset. Hint: this definition is word for word from the book