Calculate IRR, MIRR (assume finance rate to be same as discount rate), NPV, Payback Period and Discounted Payback for the following two projects, rank them according to each category and then make a final decision about which project should be undertaken considering they are mutually exclusive: Project 1 Year Project 2 Year IRR MIRR PV NPV 0 -34,000 1 Profit Tax 2 13,500 3 6,500 2,000 Profit Tax 0 -62,000 2 Payback 18,700 3 0 Cash Flow (Before Tax) Discount Rate 2,000 3,000 1 16,500 12,000 Discounted Payback 33,500 11,000 0 38,700 13,000 -34,000 Final Choice Project "1" or "2" 8,000 Cash Flow (Before Tax Discount Rate 19,000 24,000 -60,000 34,000 35,000 41,000 10% Project 1 10% Project 2