B 450 8. (a) Let the capital budget be 2000 and the following projects are available: Initial cost IRR PV of future cash Project A 1600 24 1840 800 30 960 800 20 884 D 400 21 E 400 19 446 F 400 19 440 Which projects should be taken? (6) Consider the following projects: Project A: initial cost=50,000 and annual cash flow=20,000 for 3 years. Project B: initial cost=80,000 and annual cash flow=17,000 for 6 years. The cost of capital is 5% for both projects. What should be the decision if the two projects are (i) independent. (ii) mutually exclusive