. A firm with a 10% WACC is evaluating two projects for this years capital budget. After-tax cash flows, including depreciation, are as follows: 0 1 2 3 4 5 | | | | | | Project A -$3,000 $1,000 $1,000 $1,000 $1,000 $1,000 Project B -$9,000 $2,500 $2,500 $2,500 $2,500 $2,500 Calculate each projects payback, NPV, IRR and PI. Which project would you recommend based on your calculations?