Don't use Excel but you can use a financial calculator

omplete the following in the order listed, and label your work. 1. Parker Company is considering two mutually exclusive projects. Consider the information below, and provide the requested details. (40 marks) a. What is the payback period for each of these projects? Which project will the company choose if it applies the payback period decision rule? b. If the required rate of return is 15%, what is the NPV for each of these projects? Which project will the company choose if it applies the NPV decision rule? c. If the required return is 15%, what is the profitability index for each of these projects? Which project will the company choose if it applies the profitability index decision rule? d. What is the IRR for each of these projects? Using the IRR decision rule, which project should the company accept? Is this decision necessarily correct? e. Over what range of discount rates would the company choose Project 1 ? What range would cause the company to choose Project 2 ? What is the crossover rate at which the company be indifferent between these two projects? Explain. f. Which project should you choose? Why