INPUTS r = 14% Initial Cost and Expected Cash Flows Year 0 1 2 3 4 5 Project A $(17,500.00) $2,500.00 $3,500.00 $5,500.00 $3,500.00 $2,000.00 Project B $(12,500.00) $7,500.00 $3,500.00 $2,500.00 $1,500.00 $500.00 Summary of Selected Evaluation Measures Project A Project B Net Present Value (NPV) All students Internal rate of return (IRR) All students Modified IRR (MIRR) All students Profitability index, (PI) Advanced students Payback Advanced students Discounted payback Advanced students.