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Spencerland Co. is facing a capital budgeting decision, it has two projects to decide upon. Each one would cost $24,000,000 today. Spencerland Co.s WACC is

Spencerland Co. is facing a capital budgeting decision, it has two projects to decide upon. Each one would cost $24,000,000 today. Spencerland Co.s WACC is 10%. Cash flows for each are below (in $millions);

Year ProjectC ProjectD

1 $5 $20

2 $10 $10

3 $15 $8

4 $20 $6

Find the (A)NPV, (B) IRR, (C) Payback period of project C

Find The (D)NPV (E) IRR, (F) PaybacK Period of Project D

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