4Powerld Mantras3 Speinmear ForomFully and braided te Afican American Tre HomeConet Puchare 1 Ouaide's Olaide's Kitchen Ca BUS 622 Week 5_Closing (Ch.7 in book) 6 Problem 7-20 Comparing Investment Criteria 10 points Consider the following cash flows of two mutually exclusive projects for Spartan Rubber Company. Assume the discoumt fate for both projects is 10 percent So Dry Prepreg Prepreg $1,838,680815,ee0 1 1,113,e80 44,000 736,800 eBook 926,000 763,000416,0e References a. What is the payback period for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g 32.16.) Payback perlod Dry Prepres Solvent Prepres years years b. What is the NPV for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e 3216.) NPV Dry Prepres Solvent Prepreg c. What is the IRR for each project? (Do not round intermediate calculetions. Enter your answers as a percent rounded to 2 decimal 1 of 1 l