1. A firm has a WACC of 14.73% and is deciding between two mutually exclusive projects. Project A has an initial investment of $60.66. The additional cash flows for Project A are: year 1= $17.50, year 2= $38.14, year 3= $60.42. Project B has an initial investment of $71.41. The cash flows for project B are: year 1= $52.16, year 2= $47.90, year 3= $26.21. Calculate the following: a) Payback period for Project A: b) Payback period for Project B: c) NPV for Project A: d) NPV for Project B