A Read aloud Draw Highlight 5. Consider the following projects and their cash flows: Project t=0 t=1 t2 t3 = 4 A - 3,000 2,000 t=5 1,000 0 0 0 B -3,000 1,000 1,000 1,000 1,000 1,000 The opportunity cost of capital is 88. a. Calculate the payback period for each project. Which project has the shorter payback period? b. Calculate the net present value for each project. Which project has the higher net present value