You are given two projects S and L Project S costs Rs 15,000 and is expected to produce benefits (cash flows) of Rs 4,500 per year for 5 years. Project L costs Rs 37,500 and is expected to produce...

You are given two projects S and L Project S costs Rs 15,000 and is
expected to produce benefits (cash flows) of Rs 4,500 per year for 5 years.
Project L costs Rs 37,500 and is expected to produce cash flows of Rs 11,000
per year for 5 years. Calculate the NPV, IRR, and payback 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 they are mutually
exclusive projects, which project actually should be selected?