You are a financial analyst for the Hittle Company. The director of capital budgeting has asked you to analyze two proposed capital investments, Projects A and B. Each project has a cost of $100,000, and the cost of capital for each is 15%. The projects' expected net cash flows are as follows: Expected Net Cash Flows Year Project-A Project-B 0 $100,000 $100,000 1 60,500 30,500 2 30,000 30,500 30,000 30,500 3 4 20,000 20,500 5 20,000 20,500 5 20,000 20,500 Required: a. Calculate each project's payback period, net present value (NPV), internal rate of return (IRR), modified internal rate of return (MIRR), and profitability index (Pl). b. Which project or projects should be accepted if they are independent? Which project should be accepted if they are mutually exclusive? c