11-17 CAPITAL BUDGETING CRITERIA A company has an 11% WACC and is considering two mutually exclusive investments (that cannot be repeated) with the following cash flows: 0 1 2 3 4 5 6 7 F + + + + + + 1 Project A -$300 - $387 -$193 -$100 $600 $600 $850 - $180 Project B - $405 $134 $134 $134 $134 $134 $134 $0 a. What is each project's NPV? b. What is each project's IRR? c What is each project's MIRR? (Hint: Consider Period 7 as the end of Project B's life.) d. From your answers to parts a, b, and c, which project would be selected? If the WACC was 18%, which project would be selected