All techniques: Decision among mutually exclusive investments Pound Industries is attempting to select the best of three mutually exclusive projects. The initial investment and subsequent cash inflows associated with these projects are shown in the following table. a. Calculate the payback period for each project. Cash flows Project A Initial investment (CF) $80,000 Project B $110,000 Project C $110,000 Cash inflows (CF), t = 1 to 5 $25,000 $36,000 $36,500 b. Calculate the net present value (NPV) of each project, assuming that the firm has a cost of capital equal to 11%. c. Calculate the internal rate of return (IRR) for each project. d. Indicate which project you would recommend. a. The payback period of project A is The payback period of project B is The payback period of project C is b. The NPV of project A is $ The NPV of project B is $ The NPV of project C is $ c. The IRR of project A is years. (Round to two decimal places.) years. (Round to two decimal places.) years. (Round to two decimal places.) (Round to the nearest cent.) (Round to the nearest cent.) (Round to the nearest cent.) %. (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.) OA. Project A