Mont Irwin Machine Shop is considering the following 3 mutually exclusive projects. The initial investment of each project is $54,000.

	Project A	Project B	Project c
Years	operating	cash	flow
1	28,000	25,000	25,000
2	29,000	29,000	27,000
3	30,000	29,000	33,000
4	29,000	34,000	34,000

Calculate the Payback Period for each project

Calculate the Discounted Payback Period for each project

Which project is better?

Using the data from exercise. Calculate Net Present Value using a 10% cost of capital

Which project is better?