A company has a 11% WACC and is considering two mutually exclusive investments (that cannot be repeated) with the following cash flows:

0

1

2

3

4

5

6

7

Project A	-$300	-$387	-$193	-$100	$600	$600	$850	-$180
Project B	-$400	$132	$132	$132	$132	$132	$132	$0

a. What is each project's NPV? Round your answer to the nearest cent. Do not round your intermediate calculations.

Project A: $ _____

Project B: $ _____

b. What is each project's IRR? Round your answer to two decimal places.

Project A: _____%

Project B: _____%

c. What is each project's MIRR? (Hint: Consider Period 7 as the end of Project B's life.) Round your answer to two decimal places. Do not round your intermediate calculations.

Project A: _____%

Project B: _____%

d. From your answers to parts a-c, which project would be selected? (A or B?)

If the WACC was 18%, which project would be selected? (A or B?)