All techniquesDecision among mutually exclusive investmentsPound Industries is attempting to select the best of three mutually exclusive projects. The initial investment and after-tax cash inflows associated with these projects are shown in the following table.

Cash flows	Project A		Project B		Project C
Initial investment (CF)	$40,000		$80,000		$80,000
Cash inflows (CF), t equals=1 to 5	$15,000		$27,000		$28,000

Waac not given.

a.The payback period of project A is ______ years.(Round to two decimal places.)

The payback period of project B is _____ years.(Round to two decimal places.)

The payback period of project C is ______ years.(Round to two decimal places.)

b.The NPV of project A is $______. (Round to the nearest cent.)

The NPV of project B is $______. (Round to the nearest cent.)

The NPV of project C is $______. (Round to the nearest cent.)

c.The IRR of project A is ____%. (Round to two decimal places.)

The IRR of project B is ______%. (Round to two decimal places.)

The IRR of project C is ______%. (Round to two decimal places.)

d.Which project would you recommend?(Select the best answer below.)

A. Project C

B. Project B

C. Project A

Cash inflows (CF), t equals=1 to 5	$15,000