i Beeston Corporation is considering the following two investment projects: t A t B $8,000 $2,000 $2,000 $2,000 $8,000 $4,000 $3,000 Assume the cost of capital for both projects is 10% per year (a) Based on the Net Present Value (NPV) rule, which project(s) should Beeston Corporation choose if Projects A and B are independent? Explain your answers with calculations. (6 marks) (b) Will the investment decision reached in (a) be different if Projects A and B are mutually exclusive? Briefly explain. (2 marks) (c) If Beeston's investment decision is based on the Profitability Index decision rule (instead of NPV), will its decisions reached be different from those in (a) and (b)? Explain your answers with calculations. (4 marks) (d) An investment bank has introduced a new investment project to Beeston Corporation. The annual cash flows of the new project are projected as follows: Cash Flow $5,000,000 0 Calculate the IRR of this project. (2 marks) i) If the expected return on similar projects in the market is 8%, should Beeston accept this investment project? Support your answer with calculations. (2 marks)