A firm has a WACC of 8.37% and is deciding between two mutually exclusive projects. Project A has an initial investment of $63.11. The additional cash flows for project A are: year 1 = $16.86, year 2 = $38.89, year 3 = $40.45. Project B has an initial investment of $70.67. The cash flows for project B are: year 1 = $52.79, year 2 = $46.58, year 3 = $22.41. 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: