A firm has a WACC of 9.95% and is deciding between two mutually exclusive projects. Project Y has an initial investment of $64.24. The additional cash flows for project Y are: year 1 = $17.78, year 2 = $35.51, year 3 = $45.52. Project Z has an initial investment of $72.54. The cash flows for project Z are: year 1 = $50.39, year 2 = $47.59, year 3 = $31.97. Calculate the Following:

1) Payback Period for Project A:

2) Payback Period for Project B:

3) NPV for Project A:

4) NPV for Project B: