For two projects that are mutually exclusive, which of the following statements is incorrect? O These two projects have multiple internal rate of returns O We should invest in the project with highest NPV O NPV and IRR might provide conflicted rankings IRR should not be used to make investment decision A project will continue for 8 years with expected net cash flow of $24,545 per year over its life. Required rate of return from this project is 15%. The project requires initial investment of $78,309. Using the above data, calculate the Payback Period