If two projects are mutually exclusive, then the IRR is more important than the NPV in deciding the project that should be chosen. a. TRUE b. FALSE In making the decision to accept a project, all the following costs should be considered EXCEPT _____. a. shipping and installation costs b. sunk costs c. opportunity costs d. externalities Use the following information to answer the questions 3 and 4: Ion Electronics is considering a project. The project costs $650K and is expected to generate $350K in year one, $280K in year two, $150K in year three, and $180K in year four. Ion's required rate of return is 10%. What is the Net Present Value (NPV) of the project? a. -$214.96K b. -$135.23K c. $135.23K d. $214.96K What is the Payback Period (PB) of the project? a. 3.57 years b. 3.10 years c. 2.85 years d. 2.13 years