A firm has a WACC of 11.04% and is deciding between two mutually exclusive projects. Project A has an initial investment of $64.71.

The additional cash flows for Project A are:

Year 1 = $17.65

Year 2 = $38.98

Year 3 =$44.55.

Project B has an initial investment of $70.01. The cash flows for Project B are:

Year 1 = $54.71

Year 2 = $48.39

year 3 = $39.00.

Calculate the following:

Payback Period for Project A:

Payback Period for Project B:

NPV for Project A:

NPV for Project B: