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3. Cummings Products is considering two mutually exclusive investments whose expected net cash flows are as follows: EXPECTED NET CASH FLOWS Year Project A Project

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3. Cummings Products is considering two mutually exclusive investments whose expected net cash flows are as follows: EXPECTED NET CASH FLOWS Year Project A Project B 0 1 2 3 4 5 6 7 -300 -387 -193 -100 600 600 850 -180 -405 134 134 134 134 134 134 Calculate the two projects NPVS, IRRS, MIRRS, PIs assuming a cost of capital of 12%. Which project would be selected, assuming they are mutually exclusive, using each ranking method? Which should actually be selected? (40 Points)

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