All techniques- Decision among mutually exclusive investments Pound 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 $70 000 $80,000 Cash inflows (CF). 1 to 5 $15,000 $26.000 $27,500 a. Calculate the payback period for each project 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 is years. (Round to two decimal places.) Enter your answer in the answer box and then click Check Answer 9 parts remaining Clear All Check