Company A is considering opening a mine. The initial purchase of the land and the associated costs of opening up mining operations will cost $90 million today. The mines ore is expected to generate $16 million worth free cash flows per year for the next 10 years. Company As opportunity cost of capital is 14% per year, compounded annually. A) What is the payback period for Company As mining operation?

B) True or False. All else equal, the payback period for Company A's mining operation would be lower if the opportunity cost of capital was 2% instead of 14%. Explain.