I need help in this question, I have only 30 minutes and i need fast help please

ABC Company currently produces a single product-the Widget. The company is considering producing a second product called the Fidget. ABC Company has already paid a consulting firm $100,000 to identify two possible project scenarios available to ABC Company in order to get into the Fidget business. Assume that ABC Company can sell all of the Widgets and Fidgets it produces at current market prices, and that Widgets and Fidgets sell for the same price. Project #1 is a partial renovation of the existing widget factory in order to create a new production line to produce fidgets. The renovation would mean a decline in the ability of the company to produce as many Widgets as it has in the past, but overall production capabilities would increase Project 2 is the construction of a new factory to exclusively produce Fidgets. This new factory would be located on a piece of land that ABC Company currently owns and was planning to sell for $1.2 million. The initial cost of both Project #1 and Project #2 are approximately the same. The weighted average cost of capital (WACC) for ABC Company is 79. However, the company makes an adjustment to the WACC for the purpose of computing NPV based upon the perceived risk of the project. Information regarding the two projects is presented below: Measure Project #1 Project #2 IRR 8% 10% NPV $250,000 $140,000 Payback period Risk level Low High 2.4 years 45 years If ABC company had paid $300.000 to the consulting firm, would this have an impact on the NPV of the projects and why? O it would decrease the NPV of both projects because of the higher cost. It would increase the NPV of both projects because the consultants would have identified better solutions O It would have no effect on the NPV of the projects, because the consulting fees reflect a sunk cost. O It would have no effect on the NPV of the projects, because the higher consulting fees would be offset by better future performance. ABC Company currently produces a single product - the Widget. The company is considering producing a second product called the Fidget. ABC Company has already paid a consulting firm $100,000 to identify two possible project scenarios available to ABC Company in order to get into the Fidget business. Assume that ABC Company can sell all of the Widgets and Fidgets it produces at current market prices, and that Widgets and Fidgets sell for the same price. Project 1 is a partial renovation of the existing widget factory in order to create a new production line to produce fidgets. The renovation would mean a decline in the ability of the company to produce as many Widgets as it has in the past, but overall production capabilities would increase Project #2 is the construction of a new factory to exclusively produce Fidgets. This new factory would be located on a piece of land that ABC Company currently owns and was planning to sell for $1.2 million The initial cost of both Project #1 and Project #2 are approximately the same. The weighted average cost of capital (WACC) for ABC Company is 79. However, the company makes an adjustment to the WACC for the purpose of computing NPV based upon the perceived risk of the project. Information regarding the two projects is presented below: Measure Project 1 Project 2 IRR 896 10% NPV $250,000 $140,000 Payback period 3 4 years Risk level High 4 5 years Low If the projects are independentwhich project(s) should the company select and, why is that the correct decision? O Project #1 because it has the highest NPV. O Project #2 because it has the highest IRR. O Accept both projects, because the IRR of both projects exceeds the WACC. Accept both projects, because the NPV of both projects is positive. ABC Company currently produces a single product-the Widget. The company is considering producing a second product called the Fidget. ABC Company has already paid a consulting firm $100.000 to identify two possible project scenarios available to ABC Company in order to get into the Fidget business. Assume that ABC Company can sell all of the Widgets and Fidgets it produces at current market prices, and that widgets and Fidgets sell for the same price. Project #1 is a partial renovation of the existing widget factory in order to create a new production line to produce fidgets. The renovation would mean a decline in the ability of the company to produce as many Widgets as it has in the past, but overall production capabilities would increase Project #2 is the construction of a new factory to exclusively produce Fidgets. This new factory would be located on a piece of land that ABC Company currently owns and was planning to sell for $1.2 million The initial cost of both Project 1 and Project #2 are approximately the same. The weighted average cost of capital (WACC) for ABC Company is 74. However, the company makes an adjustment to the WACC for the purpose of computing NPV based upon the perceived risk of the project. Information regarding the two projects is presented below: Measure Project 1 Project 2 IRR 10% NPV $250,000 $140.000 Payback period Risk level Low High 34 years 45 years Assuming everything else remains constant, if the market price of Widgets were to rise and the market price of Fidgets were to fall how might this impact the NPV of Project #17 O The NPV would not be affected, because overall production would increase The NPV might decline, because Project Wi reduces the production of widgets (with rising prices) for the sake of producing more fidgets (with falling prices). The NPV might decline, because Project 1 is a low risk project The NPV might increase, because overall production would increase