BY HAND NO EXCEL

2. (25 points). Consider the following cash flows of two projects for Fontana Rubber Parts Company. Assume the discount rate for Fontana Rubber Parts is 14%. Year 0 1 2 3 Dry Prepreg -$30,000 10,000 10,000 10,000 Solvent Prepreg -$90,000 28,000 28,000 28,000 1 4 10,000 28,000 5 10,000 28,000 a. Calculate NPV, IRR, MIRR, payback, and discounted payback for each project b. Assuming the projects are independent, which one(s) would you recommend? c. If the projects are mutually exclusive, which would you recommend