Payback and NPV Neil Corporation has three projects under consideration. The cash flows for each of them are shown in the following table: a. Calculate each project's payback period. Which project is preferred? b. Calculate each project's net present value (NPV) assuming a(n) 17% cost of capital. Which project is preferred according to this method? c. Comment on your findings in parts a and b, and recommend the best project. Data table (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) I Initial investment (CFO) Project A $30,000 Project B $30,000 Project C $30,000 Year (t) Cash inflows (CF+) 12345 $11,000 $9,000 $13,000 $11,000 $10,000 $12,000 $11,000 $11,000 $11,000 $11,000 $12,000 $10,000 $11,000 $13,000 $9,000 X