Choosing between two projects with acceptable payback periods Shell Camping Gear, Inc, is considering two mutually exclusive projects. Each requires an initial investment of $180,000. John Shell, president of the company, has set a maximum payback period of 4 years. The after-tax cash inflows associated with each project are shown in the following table: a. Determine the payback period of each project. b. Because they are mutually exclusive, Shell must choose one. Which should the company invest in? a. The payback period of project A isyears. (Round to two decimal places.) The payback period of project B is years. (Round to two decimal places.) b. Because they are mutually exclusive, Shell must choose one. Using the payback period, which project should the company invest in? ( O Project A would be preferred over project B because the larger cash flows are in the later years of the project O Project B would be preferred over project A because the larger cash flows are in the early years of the project Cash Project A $30,000 $40,000 $50,000 $60,000 $30,000 intows (CF) 2 Year 2 3 4 5 Project B $60,000 $50,000 $40,000 $30,000 $30,000