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Greystone, Inc., has the following mutually exclusive projects: Year Project A Project B 0 $ 1 3 , 8 0 0 $ 9 , 2

Greystone, Inc., has the following mutually exclusive projects:
Year Project A Project B
0$ 13,800$ 9,200
18,4003,900
27,0003,400
32,1005,800
a. Calculate the payback period for each project. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.)
b. Based on the payback period, which project should the company accept?
c. If the appropriate discount rate is 10 percent, what is the NPV for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.)
d. Based on the NPV, which project should the company accept?

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