Part 1 of Assignment 14

(Please show me the steps)

Q) A firm has a WACC of 10.93% and is deciding between two mutually exclusive projects. Project A has an initial investment of $60.73. The additional cash flows for project A are: year 1 = $17.69, year 2 = $37.80, year 3 = $63.69. Project B has an initial investment of $70.35. The cash flows for project B are: year 1 = $50.76, year 2 = $39.02, year 3 = $29.98. Calculate the Following:

-Payback Period for Project A:

-Payback Period for Project B:

-NPV for Project A:

-NPV for Project B: