Solve step by step without excel. 13-13 Project P costs $15,000...

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13-13 Project P costs $15,000 and is expected to produce benefits (cash flows $4,500 per year for five years. ProjectQ costs $37,500 and is expected to duce cash flows of $11,100 per year for five years. Calculate the NPV, IRR, MIRR, discounted payback, and traditional pa back period for each project, assuming a required rate of return of 14 percent. If the projects are independent, which project(s) should be selected? If are mutually exclusive projects, which project should be selected? a. Pay b

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