eBook Project L costs $60,000, its expected cash inflows are $14,000 per year for 8 years, and its WACC is 13%. What is the project's discounted payback? Do not round intermediate calculations. Round your answer to two decimal places. years A firm with a WACC of 10% is considering the following mutually exclusive projects: 0 1 2 2 3 4 5 $235 $120 Project 1 -$200 $80 $80 $80 $235 Project 2 - $700 $250 $250 $120 $120 Which project would you recommend? Select the correct answer a. Both Projects 1 and 2, since both projects have IRR'S > 0. b. Nelther Project 1 nor 2 since each project's NPV0. d. Project 2, since the NPV2> NPV1. e. Project 1, since the NPV > NPV2. Check My W. 0-Icon Key 7 X W 3 5. 6 2 3. o eBook Problem Walk-Through Karsted Air Services is now in the final year of a project. The equipment originally cost $20 million, of which 85% has been depreciated. Karsted can sell the used equipment today for $5 million, and its tax rate is 35%. What is the equipment's after-tax salvage value? Write out your answer completely. For example, 13 million should be entered as 13,000,000. Round your answer to the nearest dollar $