6. Stokes and Brown, Co. have identified the following two mutually exclusive projects. The required return for both of the projects in 10% Year Project A 0 -$15,000 Project C $12,000 3,000 1,000 1 10,000 2 3,000 1,000 8,000 2,000 14,000 & Calculate the NPV for each project and determine which one is more profitable? (10 pts) b. If the company imposes a payback cut-off of four years, which project should be accepted? (8 pts) c. If you apply the profitability index criterion, with a required rate of return of 10%, which investment would you choose? Calculate and show your results. (8 pts) 3