Payback and NPV Neil Corporation has three projects under consideration. The cash flows for each of them are shown in the following table: EEB The firm has a cost of capital of 17% a. Calculate each project's payback period. Which project is preferred according to this method? b. Calculate each project's net present value (NPV). Which project is preferred according to this method? c. Comment on your findings in parts a and b, and recommend the best project. Explain your recommendation. a. The payback period of project A is 2.94 years. (Round to two decimal places.) The payback period of project B is years. (Round to two decimal places.)