You are considering the following two mutually exclusive investment projects: Year 0 1 2 3 4 Project A -$200,000 $40,000 $60,000 $80,000 $153,500 Project B -$50,000 $25,000 $22,000 $15,000 $20,120 Whichever project you choose, if any, you require a 10% return per year on your investment. Please show your calculations clearly for parts (a) to (c) below. (a) If you apply the payback decision rule, which investment will you choose? Why? (3 marks) (7 marks) (b) If you apply the NPV decision rule, which investment will you choose? Why? (c) If you apply the IRR decision rule, which investment will you choose? Why? (5 marks) (d) Based on your answers of (a) to (c), which project will you (eventually) choose? Why? (3 marks)