The Fun Foods Corporation must decide on what new product lines to introduce next year. After- P tax cash flows are listed below along with initial investments. The firm's cost of capital is 12%. Project |Initial | Year12 3 4 Investment 742 792 $5,000 800 -S7,500. 1,250 3,000 2,500 5,0005,0003,301.8193 -$4,000 600 -$1500 500 1,000 350 1,2503,000 2,400 3,000,5 74.057 654.625s 1,200 300 1,200 400 800 1,200 Part I. Assume that projects are mutually exclusive. 1. Which project should be accepted? Project B Should be accepte Part II. Assume that projects are independent. 2. Calculate the payback period. Management's cutoff period is 4 years. Which project should be accepted according to this criterion? 3. Calculate the projects' NPVs. Which project should be accepted according to this criterion? 4. Calculate the projects' IRRs. Which project should be accepted according to this criterion? 5. Calculate the projects' Pls. Which project should be accepted according to this criterion