You are considering an investment in one of three projects, A, B, or C (mutually exclusive) with the following projected cash flows:

Year	Project A	Project B	Project C	Diff. (A-B)
0	-50,000	-50,000	-20,000	0
1	20,000	35,000	30,000	-15,000
2	25,000	30,000	30,000	-5,000
3	30,000	25,000	-40,000	5,000
4	35,000	20,000	0	15,000
5	40,000	15,000	0	25,000

cost of capital = 11%

1) Calculate NPV for each project.

2) Calculate IRR for each project.

3) Calculate PI for each project.

4) Using cost of capital, calculate MIRR for each project.

5) Calculate the exact crossover rate between project A & B.

6) Calculate NPV at the crossover rate between A & B.

7) Which project should be accepted and why?