FIN 313 Exercise #2 Kim FIN 313 CH 9-3 Consider the following two mutually exclusive projects t=0 Project S 1,000,000 900,000 250,000 Project L -1,000,000 10,000 01 250,0001 400,000| 800,000| The required rate of return is 10 percent. 1. Calculate the payback period for each project. Using the payback decision 2. Calculate the discounted payback period for each project. Using the 3. Calculate the internal rate of return for each project. Using the IRR decision 4. Calculate the net present value for each project. Using the NPV decision rule, which project should be accepted? discounted payback decision rule, which project should be accepted? rule, which project should be accepted? rule, which project should be accepted? 5. Among four decision rules, which one should be followed