plss!

1. What are mutually exclusive investment projects? What is a dependent project? 2. Explain what is meant by the time value of money. Why is a bird in the hand worth two (or so) in the bush? Which capital budgeting approach ignores this concept? Is it optimal? 3. Why does the payback period bias the process of asset selection toward short-lived assets? 4. Why does the net present value method favor larger projects over smaller ones when used to choose between mutually exclusive projects? Is this a