just 3.2 not 3.1

3. Capital budgeting criteria - A firm with a 12% WACC is evaluating two projects for this year's capital budgeting. Free cash flows are in table 3. Table 3 - Projected FCFs for two potential projects Year Project A Project B -15,000 -2,500 -1,000 5,600 2 4,000 8,000 2,500 8,000 3.1. Calculate NPV, MIRR, payback, and discounted payback for each project. 3.2. Briefly interpret the payback, and discounted payback for project A