answer should be around a 100 words and only one of the 3 questions please.

1. What is the difference between independent projects and mutually exclusive projects? Give an example of each from your own experiences 2. What is a company's hurdle rate? How is it relevant to capital budgeting 3. Explain how internal rate of return and net present value are related. If a project has a NPV of $50,000 using a 10 percent discount factor, what does this imply about the project's IRR