35.0% 5. Each of the following project requires an expenditure of S30 million Yew B 20 10 l- 5 10 15 20 2 3 4 Ir the two projects are independent and the cost of capital is 4%, which projector projecte should the firmandertake If the two projects are mutually exclusive and the cost of capital is 10%, which project should the firm undertake? If the cost of capital is 10%, what is the modified IRR of project ? IL o DRUL FS F8 F9 FTO F11 F12 PrtScr Art * ) Bad 7 8 9