A firm has a WACC of 12.82% and is deciding between two mutually exclusive projects. Project A has an initial investment of $61.94. The additional cash flows for project A are: year 1 = $18.60, year 2 = $35.91, year 3 = $40.13. Project B has an initial investment of $74.85. The cash flows for project B are: year 1 = $53.14, year 2 = $39.94, year 3 = $20.76. 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: