P10-24 All techniques: Decision among mutually exclusive investments Pound Industriee in attempting to select the best of three mutually exclusive projects. The initial invest. ment and after-tax cash inflows associated with these projects are shown in the following table. dosso Cash flows Initial investment (CF) Cash inflows (CF.), t = 1 to 5 Project A $60,000 2 0,000 Project B $100,000 3 1,500 Project C $110,000 32,500 a. Calculate the payback period for each project. b. Calculate the net present value (NPV) of each project, assuming that the a cost of capital equal to 13%. c. Calculate the internal rate of return (IRR) for each project. d. Draw the net present value profiles for both projects on the same set! discuss any conflict in ranking that may exist between NPV and IRR e. Summarize the preferences dictated by each measure, and indicate you would recommend. Explain why. the same set of axes, and and indicate which project