project s costs 15000 and is expected to produce benefits(cash flows)of 4500 per year for five years.project l costs 37500 and is expected to produce...

project s costs 15000 and is expected to produce benefits(cash flows)of 4500 per year for five years.project l costs 37500 and is expected to produce cash flows of 11100 per year for five years.1.calculate the NPV,IRR and traditional payback period for each project,assuming a required rate of return of 14 percent.b.if the projects are independent,which project(s) should be selected?if the projects are mutually exclusive,which project actually should be selected?