(Q3) Consider the following cash flows of two mutually exclusive projects. Assume the discount rate is 8 percent. (a) Based on the payback period, which project should be accepted? Year AZM Mini-SUV AZF Full-SUV -$800,000 $450,000 320,000 350,000 100,000 420,000 150,000 290,000 (b) Based on the NPV, which project should be accepted? (10 points) AZM Mini-SUV AZF Full-SUV 0 -$450.000 -$800,000 320,000 350,000 180,000 120,000 ' 150,000 290,000 (c) Based on the IRR, which project should be accepted? (10 points) AZH Mini-SUV AZF Full-SUV Year 0 -$450,000 $800,000 320,000 350.000 2 180,000 120,000 3 150,000 290,000 Year AZM Mini-SUV AZF Full-SUV 0 -$450,000 -$800,000 320,000 350,000 23 180,000 420,000 150,000 290,000