2. Projects with unequal lives Wisconsin Dairy Co. is currently deciding on its capital budget for the upcoming year. Among the projects being considered are 2 machines, W and WW. W costs $500,000 and will produce expected after-tax cash flows of $300,000 during the next 2 years. WW also costs $500,000, but it will produce after-tax cash flows of $165,000 during the next 4 years. Both projects have a 10 percent WACC. a. If the projects are independent and not repeatable, which project or projects should the company accept? b. If the projects are mutually exclusive and repeatable, which project should the company accept?