CF0 CF1 CF2 CF3 CF4 CF5 Project Frozen ($1,000) $180 $200 $220 $230 $250 Yogurt Jewelry ($5,500) $1,200 $1,400 $1,600 $1,800 $2,000 Soft ($3,000) $1,000 $900 $700 $600 $500 Drink Farming ($7,800) $4,000 $3,200 $2,400 $1,600 $800 WACC 8.50% 12.50% 10% 15% Note: All the number is in thousand (,000) Before deciding, he wanted to know the return in both dollar value and percentage. a. Calculate NPV for these projects. b. Calculate IRR for these projects. c. Why WACC for each project is different? Explain. d. If these projects are independent projects, which project should he invest? e. If these projects are mutually exclusive projects, which project should he invest?

Note: All the number is in thousand (,000) Before deciding, he wanted to know the return in both dollar value and percentage. a. Calculate NPV for these projects. b. Calculate IRR for these projects. c. Why WACC for each project is different? Explain. d. If these projects are independent projects, which project should he invest? e. If these projects are mutually exclusive projects, which project should he invest