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 $80,000 $80,000 Cash Inflows (CF), 1=1 to 5 $15,000 $26,000 $26.500 a. Calculate the payback period for each project. b. Calculate the ner present value (NPV) of each project, assuming that the firm 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 Ais years. (Round to two decimal places.) The payback period of project Bis years. (Round to two decimal places.) The payback period of project Cis years. (Round to two decimal places.) b. The NPV of project Ais (Round to the nearest cent) The NPV of project Bis S. (Round to the nearest cent.) The NPV of project 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 Cis%. (Round to two decimal places.)