QUESTION :The Sanders Electric Company is evaluating two projects forpossible in

QUESTION :The Sanders Electric Company is evaluating two projects forpossible inclusion in the firms capital budget. Project M willrequire a $37000 investment while project Os investment will be$46000. After-tax cash inflows are estimated as follows for the twoprojects:YEAR PROJECT M PROJECT O1 $12000 $100002 12000 100003 12000 150004 12000 150005 15000a. Determine the payback period for each project.b. Calculate the NPV and PI for each project based on a 10percent cost of capital. Which if either of the projects isacceptable?c. Determine the IRR and MIRR for Projects M and O.