Your division is considering two Investment projects, each of which requires an up-front expenditure of $27 million. You estimate that the cost of capital is 9% and that the investments will produce the following after-tax cash flows (in millions of dollars): Year Project A Project B 1 2 5 10 15 20 20 10 8 3 4 6 a. What is the regular payback period for each of the projects? Round your answers to two decimal places, Project A years Project B: years b. What is the discounted payback period for each of the projects? Do not round Intermediate calculations, Round your answers to two decimal places Project A: years Project B years c. If the two projects are independent and the cost of capital is 9%, which project or projects should the firm undertake? The firm should undertake Select d. If the two projects are mutually exclusive and the cost of capital is 5%, which project should the firm undertake? The firm should undertake e. If the two projects are mutually exclusive and the cost of capital is 15%, which project should the firm undertake? The firm should undertake Select What is the crossover rate? Round your answer to two decimal places % 9. If the cost of capital is 9%, what is the modified IRR (MIRR) of each project? Do not round Intermediate calculations. Round your answers to two decimal places Project A 90 Project B: 98