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Morin Company is evaluating two mutually exclusive projects (expected cash flows shown below). The firm's cost of capital is 9 percent. Year Project A Project

Morin Company is evaluating two mutually exclusive projects (expected cash flows shown below). The firm's cost of capital is 9 percent.

Year Project A Project B
0 (550) (550)
1 400 420
2 175 220
3 150 100
NPV?
IRR?

Calculate the Discounted Payback Period for Project A. Answer Options: 2.1667 years 2.4997 years 2.3089 years 2.3603 years 2.3085 years

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