Given below are cash flows of two mutually exclusive projects, Project MXX and Project WJJ. Both these projects have an initial investment of $12,000. Find the payback period of Project MXX and WJJ Show all steps clearly Cash flows Project MXX Project WJJ Year 1 $7,200 $5,500 Year 2 6,100 $6,500 Year 3 5,400 $7,500 7 A B