All techniques-Decision among mutually exclusive investments Pound Industries is attempting to select the best of three mutualy exclusive projects. The initial investment and aftertax cash inflows associated with these projects are shown in the following table Cash flows Initial investment (CF) Cash inflows t A $150,000 1 to 5 $50,000 t B S190,000 S61.000 ect C 200,000 $61,500 a. Calculate the payback period for each project. b. Calculate the net present value NP) of each' project, assuming that the fir n has a cost of capital equal to 13%. 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 years. (Round to two decimal places.)