Montrose Manufacturing is considering two potential investments. Each project will cost $115,000 and have an expected life of five years. The CFO has estimated the probability distribution for each projects' cash flows as shown in the following table: The company probability distributions apply to each year of the five years. Montrose Manufacturing uses the risk-adjusted to evaluate potential investments. As a guide for the CEO has put together the following table based on the coefficient of variation. Calculate the expected cash flows, standard deviation, and coefficient of variation for each project. If the firm's WACC for average risk projects is 10%, what is the appropriate risk-adjusted discount rate for each project. Use the VLOOKUP function to calculate the project WACC. Using the appropriate discount rates, calculate the payback period. discounted payback period. NPV. PI, IRR, and MIRR for each project. If the projects are mutually exclusive which should be accepted? What if they are independent