Use the following information to answer questions 22 - 26 Below are the estimated cash flows for two mutually exclusive projects for a company. The company has a WACC of 4%. WACC 4.00% Years 0 1 2 3 4 5 NP Cash flows in K$ Project A Project B $(15,000.00) $ (15,000.00) $ 1,500.00 $ 8,000.00 $ 2,000.00 $ 3,000.00 $ 3,000.00 $ 3,000.00 $ 4,000.00 $ 2,000.00 $ 9,000.00 $ 2,000.00 NPV IRR Project A $ 1,774.97 $ 7.13% Project B 1,486.43 8.65% Here are the NPVs and IRRs if the WACC is 8%: NPV IRR Project A $ (449.57) $ 7.13% Project B 192.15 8.65% QUESTION 21 The discounted payback period will always be longer than the payback period since it considers the time value of money. True False QUESTION 22 For independent projects, the NPV and IRR will sometimes be in conflict. True False QUESTION 23 For mutually exclusive projects, the IRR and NPV will sometimes be in conflict. True False QUESTION 24 Which of the following statements are true about the projects in part 3 of the information provided at a WACC of 4%? A. The NPV indicates that Project B is better, but IRR suggests Project A is better. B. Both the NPV indicate and the IRR indicate that Project A is better. C. The NPV indicates that Project A is better, but IRR suggests Project B is better. D. Both the NPV indicate and the IRR indicate that Project B is better. QUESTION 25 In Part 3, the mutually exclusive projects DO NOT have a conflict between NPV and IRR if the WACC is 8%. True False QUESTION 25 In Part 3, the mutually exclusive projects DO NOT have a conflict between NPV and IRR if the V O True False QUESTION 26 What is the crossover rate for the mutually exclusive projects in Part 3? O A. 5% B.5.13% O C. 8% D. There is no one, Project A dominates