The table below describes the net cash flows of two mutually exclusive projects proposed to Dfie Ltd. Year 0 Project 1 -3 600 $ Project 2 - 6 300 $ 1 1 800 3.000 2 1 650 2 700 3 1 350 2 400 a. Based on the payback criterion, which project should be selected? b. Assume that there are no corporate taxes and that the cash flows are earnings before depreciation. The company uses the straight-line method of depreciation. Using the book average return criterion, which project is better? c. Which project has the highest TIR? Be 9 f