Management of Jabs Inc. is considering two projects. Based on the cash flows provided and an 9.5% discount rate, calculate the payback period, net present value, internal rate of return, and modified internal rate of return (assume reinvestment rate of 4.25%).

Year	Project A	Project B
0	-25,000	-25,000
1	10,000	7,000
2	8,000	9,000
3	8,000	11,000
4	9,000	7,000

Capital Budgeting Tool	Project A	Project B
Payback Period
Net Present Value (NPV)
Internal Rate of Return (IRR)
Modified Internal Rate of Return (MIRR)

Which project should be accepted if mutually exclusive? ______________________________