Mario Brothers, a game manufacturer, has a new idea for an adventure game. It can market either the game as a traditiona

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Mario Brothers, a game manufacturer, has a new idea for anadventure game. It can market either the game as a traditionalboard game or as an interactive smartphone application, but notboth. Consider the following cash flows of the two mutuallyexclusive projects for Mario Brothers. Assume the discount rate forthe project is 10 percent.
Year 0 1 2 3
Board Game -$320,000 $240,000 $130,000 $75,000
Smart-phone App -$550,000 $310,000 $280,000 $195,000
(a) Based on the Payback period rule, which project should youchoose?
(b) Based on the MPV, which project should you choose?
(c) Based on the IRR, which project should you choose?
(d) Based on the MIRR, which project should you choose?
(e) What project would you recommend?