For the next three questions, use the following chart:

Year 0

Project Earth $(90,000)

Project Wind $(100,000)

Project Fire $(96,500)

Year 1

39,000

0

(55,000)

Year 2

39,000

0

100,000

Year 3

39,000

147,500

100,000

1.PART I: Compute the (a) NPV, (b) IRR and (c) PB period for each of the three projects if the firm's required rate of return is 12% (round to two decimal places)

a.NPV:

b. IRR:

c.Payback:

2.If the projects are independent, which should be accepted?

3.If the projects are mutually exclusive, which should be accepted?