US Corp. is charged with determining which small projects should be funded. Along with  this assignment, she has been granted the use of $15,000 for a maximum of two years.  She is considering three projects. Project A costs $7,500 and has cash flows of $4,000 a  year for Years 1 to 3. Project B costs $8,000 and has cash flows of $3,000, $4,000, and  $3,000 for Years 1 to 3, respectively. Project C costs $2,000 and has a cash inflow of  $2,500 in Year 2. 

1. What decisions should she make regarding these projects if she assigns  them a mandatory discount rate of 8.5 percent? 

Find NPV and IRR. What are the  decisions if the projects were independent? Mutually Exclusive? Explain why.