McCall Manufacturing has a WACC of 10%. The firm is considering two normal, equally risky, mutually exclusive, but not repeatable projects. The two projects have the same investment costs, but Project A has an IRR of 15%, while Project B has an IRR of 20%. Which of the following statements is CORRECT?a.Each project must have a negative NPV.b.Since the projects are mutually exclusive, the firm should always select Project B.c.If the crossover rate is 8%, Project B will have the higher NPV.d.Only one project has a positive NPV.e.If the crossover rate is 8%, Project A will have a higher NPV than Project B.

__C__ 23.Which of the following statements is CORRECT? Assume that the project being considered has normal cash flows, with one outflow followed by a series of inflows.Which of the following statements is CORRECT? Assume that the project being considered has normal cash flows, with one cash outflow at t = 0 followed by a series of positive cash flows.__A__25.Edmondson Electric Systems is considering a project that has the following cash flow and WACC data. What is the project's NPV? Note that if a project's projected NPV is negative, it should be rejected.WACC:10.00%Year:0123Cash flows:$1,000$500$500$500Johnson Enterprises is considering a project that has the following cash flow and WACC data. What is theproject's NPV? Note that if a project's projected NPV is negative, it should be rejected.WACC:10.00%Year:01234Cash flows:$1,000$350$350$350$350a.$98.78b.$103.98c.$109.45d.$114.93e.$120.67

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