II. Problems 1. (15 points) Snow Globe Corporation is considering two mutually exclusive projects, S and L. The net after tax cash flows are: Year 0 1 2 3 4 Project S Project L -$10,000 -$10,000 6,000 1,000 4,000 3,000 3,000 4,000 1,000 8,000 a. What are the IRRS for each of the two projects? IRRS IRRL b. What are the NPVs of each project at a discount rate of 8.00%? NPVs NPVL c. Graph the present value profile for the two projects. Calculate the crossover discount rate. Make sure you completely label your graph, including the crossover discount rate... d. Which project would you select if the discount rate is 8.00%? At what would your answer change?