Question a) and c) need step by step solution.

EncryptCo is studying two independent project opportunities shown in the table below. The MARE is 'i nominal annual compounded monthly. -_ - - Salvage 1'llaiue of Equipment SIDUJDUD SEDUJDUD Project Length it] years {a} Should either, both, or neither project be pursued? Use the present worth method. Check with Excel. Copy the Excel output into your assignment. [b] 1What is the payback period of each project? {c} What is the discounted payback period of each project? Use Excel for this. Copy all the Excel outputs into your assignment