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kindly solve with formulae not on excell sheet thank you Edison Systems has estimated the cash flows over the 5-year lives for two projects, A

kindly solve with formulae not on excell sheet
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Edison Systems has estimated the cash flows over the 5-year lives for two projects, A and B. These cash flows are summarized in the following table. (1) If both projects A and B are mutually exclusive projects. Whichever project you choose, if any, you require a return of 11 percent on your investment. a. If you apply the payback criterion, which investment will you choose? Why? b. If you apply the discounted payback criterion, which investment will you choose? Why? c. If you apply the NPV criterion, which investment will you choose? Why? d. If you apply the IRR criterion, which investment will you choose? Why? e. If you apply the profitability index criterion, which investment will you choose? Why? f. Based on your answers in parts (a) through (e), which project will you finally choose? Why? (2) If project A were actually a replacement for project B and if the $12,000 initial investment shown for project B were the after-tax cash inflow expected from liquidating it, what would be the relevant cash flows for this replacement decision? Evaluate this replacement project by calculating Net Present Value, Payback Period, Discounted Payback Period, Internal Rate of Return, and Profitability Index

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