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2. Titan Advertising Co. has identified an investment project with the following cash flows. Year 1 2 3 4 Cash Flow $950 $1050 $1280 $1160 a) If the discount rate is 10%, what is the present value of these cash flows? b) What is the present value at 18%? c) At 29%? 1. Titan Construction has a discount rate of 10 percent and is considering the following two mutually exclusive projects: Year Cash Flows A Cash Flows B 0 1 2 3 4 -$300,000 5,000 15,000 15,000 425,000 -$80,000 90,000 10,000 1,000 1,000 Complete the following table. Based on your answers, which project should be selected? Project Payback NPV IRR PI A B Rank Payback NPV IRR PI 1 st 2nd 2. Your firm has evaluated eight different projects and now must decide which projects to choose. However, your firm has only $130,000 available to invest in new projects. Based on the results in the table below, what projects should be funded? Project Initial Cash Outflow IRR NPV PI A $100,000 15% $24,000 1.24 B 70,000 19 1.43 30,000 84,000 60,000 28 2.40 D 50,000 26 2,000 1.04 E 30,000 20 20,000 1.67 F 20,000 37 22,000 2.10 G 20,000 25 26,000 2.30 H 2,000 18 200 1.10