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Green Energy Solutions is evaluating the viability of two new projects, Project Solar and Project Wind. The following table provides the expected cash flows: Year

Green Energy Solutions is evaluating the viability of two new projects, Project Solar and Project Wind. The following table provides the expected cash flows:

Year

Project Solar

Project Wind

0

$(250)

$(300)

1

70

90

2

100

110

3

130

140

4

160

160

The company's discount rate is 9%. Your tasks are to:

a. Find the discounted payback period for each project. b. Calculate the NPV for both projects. c. Determine the IRR for each project. d. Analyze which project has the better payback period. e. Provide a recommendation on which project should be undertaken and justify your answer.

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