Your company is considering in two mutually exclusive projects. Projects expected net cashflows are displayed below:

Year	Project 1	Project 2
0	-800	-1,300
1	-1,056	420
2	-438	420
3	-300	420
4	2,200	420
5	1,640	420
6	1,980	420
7	-650	420

Part 1: What is each projects IRR? [3 points]

Part 2: Construct NPV profiles for Projects 1 and 2. [3 points]

Part 3: If each projects cost of capital were 10%, which project, if either, should be selected? If the cost of capital were 17%, what would be the proper choice? [3 points]

Part 4: What is each projects MIRR at the cost of capital of 10%? At 17%? [3 points]

Part 5: What is the crossover rate, and what is its significance? [3 points]