Suppose your firm is considering two mutually exclusive projects with the following cash flows. Assume that both projects require a rate of return of 8 percent (WACC). The maximum allowable payback and discounted payback statistics for the projects are two and three years, respectively.

Time 0 1 2 3
Project A Cash Flow -20,000 10,000 30,000 1.000
Project B Cash Flow -30,000 10,000 20,000 50,000

Use the NPV, IRR, MIRR, payback, and discounted payback decision rules to evaluate the projects: which one(s) should be accepted or rejected?

You own a nonunion company with 93 nonexempt employees. all of these employ- ees pack books into boxes for shipment to customers throughout the united states. because of wide differences in performance, you have decided to try performance appraisal, something never done before. until now, you have given every worker the same size increase. now you want to measure performance and reward the best performers with bigger increases. without any further information, which of the five types of appraisal formats do you think would be most appropriate? justify your answer. do you anticipate any complaints, or other comments, from employees after you implement your new system?