#16 Comparing Investment criteria Consider the following cash flows of two mutually exclusive projects for AZ-Motorcars. Assume the discount rate for AZ-Motorcars is 10 %. Year 0 -$450,000 on AZM Mini-SUV and -$800,000 on AZF Full -SUV Year 1 $320,000 for AZM Mini-SUV and $350,000 for AZF Full-SUV Year 2 $180,000 for AZM Mini-SUV and $420,000 for AZF Full-SUV Year 3 $150,000 for AZM Mini-SUV and $290,000 for AZF Full-SUV a. Based on the payback period, which project should be accepted? b. Based on the NPV, which project should be accepted? c. Based on the IRR, which project should be accepted? d. Based on this analysis, is incremental IRR analysis necessary? If yes please conduct the analysis