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 Initial investment (CF) Cash inflows (CF), t= 1 to 5 Project A $90,000 $30,000 Project B $130,000 $41,500 Project C $130,000 $42,500 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 A is years. (Round to two decimal places.) Enter your answer in the answer box and then click Check