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Please show all work/calculator keys to get full credit. Please do not submit excel solutions. 1. Ampem is planning to expand their production facility.

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Please show all work/calculator keys to get full credit. Please do not submit excel solutions. 1. Ampem is planning to expand their production facility. Alternatively they can invest their money in a new venture. However they cannot take on both the alternatives and have to select only one. Calculate the Payback period, NPV, IRR, MIRR and PI for both projects. Assume a 15% required rate of return. What is your best decision based on all these calculations. You must justify this answer. Expand New Year O -$15,000 -$30,000 Year 1 $5,000 $12,000 Year 2 $6,000 $11,000 Year 3 $ 7,000 $10,000 Year 4 $8,000 $ 9,000

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