Year	Project A	Project B	Project C
0	($300,000)	($110,000)	$270,000
1	$180,000	($1,300)	($40,000)
2	$90,000	($2,500)	($39,000)
3	$50,000	$0	($38,000)
4	$20,000	$5,000	($37,000)
5	$20,000	$7,000	($36,000)
6	$20,000	$10,000	($35,000)
7	$10,000	$20,000	($34,000)
8	$10,000	$30,000	($33,000)
9	$0	$50,000	($32,000)
10	$0	$85,000	($31,000)

Given the cashflow information of three projects in the table.

If the projects are independent, at what discount rate range that you will not choose project C? (5 points)

If the projects are mutually exclusive, by IRR, which project would you choose? Why? (5 points)

By NPV, which project would you choose? (be careful) (10 points)