Spencerland Co. is facing a capital budgeting decision, it has two projects to decide upon. Each one would cost $25,000,000 today. Spencerland Co.’s WACC is 10%. Cash flows for each are below (in $millions);

Year      Project C     Project D

1              $5m            $20m

2              $10m         $10m

3              $15m          $8m

4               $20m         $6m

Find the 

NPV

IRR, 

Payback period of project 

Find the WACC

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