Q) A firm has a WACC of 9.02% and is deciding between two mutually exclusive projects. Project A has an initial investment of $60.11. The additional cash flows for project A are: year 1 = $16.90, year 2 = $36.77, year 3 = $54.70. Project B has an initial investment of $72.97. The cash flows for project B are: year 1 = $54.22, year 2 = $40.91, year 3 = $33.89. Calculate -Payback Period for Project A: