Excel Activity: Capital Budgeting Tools Start with the partial model in the file Ch12 P25 Build a Model.xlsx. Gardial Fisheries is considering two mutually exclusive investments. The projects' expected net cash flows are as follows: Expected Net Cash Flows Year Project A Project B 0 -$435 -$635 1 -450 185 2 -300 185 3 -150 185 4 900 185 5 -900 185 6 912 7 -300 185 185 The data has been collected in the Microsoft Excel file below. Download the spreadsheet and perform the required analysis to answer the questions below. Do not round intermediate calculations. Download spreadsheet Ch12 P25 Build a Model-fa728b.xlsx a. If each project's cost of capital is 9%, which project should be selected? Round your answers to the nearest cent. a. If each project's cost of capital is 9%, which project should be selected? Round your answers to the nearest cent. NPV (Project A): $ NPV (Project B): $ Project AV should be selected. If the cost of capital is 14%, what project is the proper choice? Round your answers to the nearest cent. NPV (Project A): $ NPV (Project B): $ Project B should be selected. b. Construct NPV profiles for Projects A and B. Choose the correct graph. c. What is each project's IRR? (Hint: Using the Excel IRR function, set the guess parameter to be 10%.) Round your answers to two decimal places. IRR (Project A): IRR (Project B): % % d. What is the crossover rate, and what is its significance? (Hint: Using the Excel IRR function, set the guess parameter to be 10%.) Round your answer for the crossover rate to two decimal places and for the NPV to the nearest cent. The crossover rate is %. The crossover rate represents the cost of capital at which the two projects have the NPV of $ e. What is each project's MIRR at a cost of capital of 9%? At r = 14%? Round your answers to two decimal places. MIRR at r=9% MIRR at r = 14% Project A Project B X% % X% % f. What is the regular payback period for these two projects? Round your answers to two decimal places. Regular payback period (Project A): years Regular payback period (Project B): years g. At a cost of capital of 9%, what is the discounted payback period for these two projects? Round your answers to two decimal places. Discounted payback period (Project A): years