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 $120,000 $42,000 a. Calculate the payback period for each project. b. Calculate the net present value (NPV) of each project, assuming that the firm has C. Calculate the internal rate of return (IRR) for each project. d. Indicate which project you would recommend. cost of capital equal to 8%. a. The payback period of project Ais years. (Round to two decimal places.) The payback period of project B is years. (Round to two decimal places.) The payback period of project is years. (Round to two decimal places.) b. The NPV of project A is $ (Round to the nearest cent.) The NPV of project B is $. (Round to the nearest cent.) The NPV of project C 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.)