All$$ techniques, conflicting rankings$$Nicholson Roofing$$ Materials, Inc., is considering two mutually exclusive$$ projects, that both cost $$$$100$ comma $000.$ The$$ company's board of directors has set a$4-$year payback requirement the cost of capital is $10\%.$ The project cash flows are shown in the following$$ table: LOADING....

a$.$ Calculate the payback period for each project. Rank the projects by payback period.

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.

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Part $1$

a$.$The payback period of project A is

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enter your response here years.$($Round to two decimal$$ places.$)$