CAPITAL BUDGETING. For this and the next 2 questions: Consider the following mutually exclusive projects. The projects' required rate of return is 15% Which project should be selected solely on the basis of IRR? RS -120 105 100 -30 Year PQ -150 -15 90 220 2 Project PQ, its IRR is 27.42% Project RS, its IRR is 35.41 % Project PQ, its IRR exceeds the crossover rate Project RS, its IRR exceeds the crossover rate None of the above Which project should be selected based on the NPV? Project PQ, its NPV is $49.66 Project RS, its NPV is $27.19 Project PQ, its NPV exceeds the crossover rate Project RS, its NPV exceeds that of Project PQ None of the above Which of the following statements is correct? I. Project PQ is more superior due to its greater NPV Il. Project PQ is more superior due to higher IRR 111. The crossover rate of the projects is higher than 15% IV. Both projects should be accepted I and III Il and IV O I and IV O IlIl and IV