A firm is considering $2$ projects with the following cash flow streams $($in million dollars$)$:

The firm's weighted awerage cost of capital $($WACC$)$ is $10\%.$ Payback period culaff is $3$ years.

Answer the following questions in the shaded portions of the table below.

$($Show your work for the devolopment of each mothod.$)$

a$.$ Caloulate for each project the:

payback period

NPV

$\frac{?}{PI}$

$.$ IRR

b$.$ If these projects are independent $($i$.$e$.$ the firm has more than $$400$ milion to invest$),$ which praject$($s$)$ should the firm take using each method?

c$.$ If these projects are mutually exclusive $($i$.$e$.$ the firm has arly $$200$ milfion to imvest$),$ which project$($s$)$ should the firm take?