Problem1 Delphi Inc is currently evaluating two (2) mutually exclusive projects. The following represents the expected cash flows for both projects. The company's discount rate is 12%. PV Factor...

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Extracted text: Problem1 Delphi Inc is currently evaluating two (2) mutually exclusive projects. The following represents the expected cash flows for both projects. The company's discount rate is 12%. PV Factor Project Repair (350,000) 125,000 125,000 225,000 Years Year Replace (400,000) 175,000 100,000 125,000 (12%) 0.8929 0.7972 0.7118 1 1 2 3 Required: a. Using the following, indicate which project(s) should be chosen under each selection criteria: i. Discounted Payback ii. Net Present Value b. Compute the Internal Rate of Return for Project Repair only, if it falls between 12% and 16%. Should the company accept this project under the IRR criteria, why? PV Factor Year (16%) 0.8621 0.7432 0.6407 1 3 c. Companies may utilize any of the criteria above to evaluate projects. Identify the criteria that is considered the most favourable, outlining any three (3) advantages of this criteria.