A firm has a WACC of 8.86% and is deciding between two mutually exclusive projects. Project A has an initial investment of $62.59. The additional cash flows for project A are: year 1 = $18.74, year 2 = $35.46, year 3 = $44.18. Project B has an initial investment of $74.34. The cash flows for project B are: year 1 = $51.79, year 2 = $43.95, year 3 = $25.24. 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: