Newfoundland Vintners Co$-$operative is considering two mutually exclusive projects: Absinth and Brandy. Project Absinth requires a $$20,000$ cash outlay today and is expected to generate after$-$tax cash flows of $$11,000$ in year $1,$ $$8,500$ in year $2$ and $$7,500$ in year $3.$ Project Brandy requires a $$30,000$ cash outlay today and is expected to generate after$-$tax cash flows of $$7,000$ in year $1,$ $$9,000$ in year $2,$ $$11,000$ in year $3$ and $$16,000$ in year $4.$ Neither project can be repeated at the end of its life. The appropriate discount rate for both projects is $10\%,$ and the initial cash outlay is net of any potential tax benefits.

Required:

a$)$ Calculate the NPV of both projects.

b$)$ Calculate the IRR of both projects.

c$)$ Calculate the payback periods of both projects.

d$)$ Calculate the discounted payback periods of both projects.

e$)$ Calculate the profitability index of both projects.

f$)$ Calculate the MIRR of both projects.

g$)$ Which project should the firm choose and why? please use BAii calculator