Project S has a cost of $$11,000$ and is expected to produce benefits $($cash flows$)$ of $$3,400$ per year for $5$ years. Project L costs $$23,000$ and is expected to produce cash flows of $$6,900$ per year for $5$ years.

Calculate the two projects' NPVs$,$ assuming a cost of capital of $14\%.$ Do not round intermediate calculations. Round your answers to the nearest cent.

Project S: $

Project L: $

Which project would be selected, assuming they are mutually exclusive?

Based on the NPV values,

$-$Select$-$

would be selected.

Calculate the two projects' IRRs. Do not round intermediate calculations. Round your answers to two decimal places.

Project S:

$\%$

Project L:

$\%$

Which project would be selected, assuming they are mutually exclusive?

Based on the IRR values,

$-$Select$-$

would be selected.

Calculate the two projects' MIRRs, assuming a cost of capital of $14\%.$ Do not round intermediate calculations. Round your answers to two decimal places.

Project S:

$\%$

Project L:

$\%$

Which project would be selected, assuming they are mutually exclusive?

Based on the MIRR values,

$-$Select$-$

would be selected.

Calculate the two projects' PIs, assuming a cost of capital of $14\%.$ Do not round intermediate calculations. Round your answers to three decimal places.

Project S:

Project L:

Which project would be selected, assuming they are mutually exclusive?

Based on the PI values,

$-$Select$-$

would be selected.

Which project should actually be selected?

$-$Select$-$

should actually be selected.