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Greystone, Inc., has the following mutually exclusive projects: Year Project A Project B 0 $ 13,400 $ 8,800 1 8,000 3,500 2 6,600 3,000 3

Greystone, Inc., has the following mutually exclusive projects: Year Project A Project B 0 $ 13,400 $ 8,800 1 8,000 3,500 2 6,600 3,000 3 2,100 5,400 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 13 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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