Consider the following cash$-$flows of two mutually exclusive projects for T$.$R$.$ Company. Assume the discount rate for both projects is $8$ percent.

Year Project $1$ Project $2$

$0-$$$1,800,000-$$$715,000$

$11,080,000380,000$

$2840,000627,000$

$3870,000396,000$

a$)$ Based on NPV $($Net Present Value$)$ criteria what are the NPV$$s for each project and which project will be chosen?

b$)$ Based on IRR $($Internal Rate of Return$)$ criteria what are the IRR$$s for each project and which project will be chosen?

c$)$ Based on MIRR $($Modified Internal Rate of Return$)$ criteria what are the MIRR$$s for each project and which project will be chosen?