1. Which method of evaluating capital projects is best for making the accept/reject decision for independent projects? Select one: a. MIRR. b. IRR. c. NPV. d. All three methods (NPV, IRR, and MIRR) are equally good for evaluating independent projects because they will always reach the same accept/reject conclusion.
2. NPV A project has annual cash flows of $5,000 for the next 10 years and then $9,500 each year for the following 10 years. The IRR of this 20-year project is 11.57%. If the firm's WACC is 11%, what is the project's NPV? Round your answer to the nearest cent. Do not round your intermediate calculations. $