All techniques, conflicting rankings Nicholson Roofing Materials, Inc., is considering two mutually exclusive projects, each with an initial investment of $110,000. The company's board of directors has set a 4-year payback requirement and has set its cost of capital at 12%. The cash inflows associated with the two projects are shown in the following table: a. Calculate the payback period for each project. Rank the projects by payback period. - X Data Table b. Calculate the NPV of each project. Rank the project by NPV. c. Calculate the IRR of each project. Rank the project by IRR. d. Make a recommendation. (Click on the icon located on the top-right corner of the data table below in order to a. The payback period of project Aisyears. (Round to two decimal places.) copy its contents into a spreadsheet.) Year 1 2 3 4 5 Cash inflows (CF) Project A Project B $35.000 $85.000 $35.000 $50,000 $35,000 $10,000 $35.000 $10,000 $35,000 $10,000 $35.000 $10,000 6 Print Done