all techniques, conflicting rankings: Nicholson roofing materials, Inc. is considering two mutually exclusive projects, each with an initial investment of $170,000. The companies Board of Directors has set a four year payback requirement and has said its cost of capital at 11%. The cash inflows associated with the two projects are shown in the following table:

All techniques, conflicting rankings Nicholson Roofing Materials, Inc, is considering two mutually exclusive projects, each with an initial investment of Si70,000 The company's board of directors has set a 4 -year payback requarement and has set its cost of capital at 11%. The cash inflows associated with the two projects are shown in the following table: a. Calcuiate the payback period for each propect. Rank the projects by payback period b. Calculate the NPV of each project. Rank the project by NPV c. Caiculate the IRR of each project Rank the projpct by IRR d. Make a recommendation Data table (Click on the icon loceled on the top-right comer of the data table below in order to copy its contents into a spreadstwet.)