5) For all parts to this question, write out the mathematical equations being solved!!l This...

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5) For all parts to this question, write out the mathematical equations being solved!!l This includes filling in the appropriate numbers Agile Time Systems, Inc. is considering the development of one of two mutually exclusive new pieces of timing equipment to be used in canine agility trials. Each will require a net investment of $5,850. The cash flows for each project are shown below: Model AModel B $2,500 $3,260 $1,820 Year $1,450 $3,750 $2,810 Model A is of higher-than-average risk, and Model B is of average risk. The firm's WACC is 10%. To risk-adjust, the firm's policy is to add 1.5% to WACC for projects that are riskier than average and to deduct 296 from WACC for projects that have less than average risk. a) (3 points) Which model should Agile Time choose based on the NPV criterion? b) (3 points) Which model should Agile Time choose based on the IRR criterion? Why should it choose this one

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