Question 10, P10-24 (similar to) Homework: Homework 4 > HW Score: 60%, 18 of 30 points O Points: 0 of 3 Part 1 of 10 Save All techniques-Decision among mutually exclusive investments Pound Industries is attempting to select the best of three mutually exclusive projects. The initial investment and after-tax cash inflows associated with these projects are shown in the following table. Cash flows Project C Project A $30,000 Project B $60,000 $70,000 Initial investment (CF) Cash inflows (CF), t = 1 to 5 $10,000 $21,500 $22,000 a. Calculate the payback period for each project. b. Calculate the net present value (NPV) of each project, assuming that the firm has a cost of capital equal to 11%. c. Calculate the internal rate of return (IRR) for each project. d. Indicate which project you would recommend. a. The payback period of project A is years. (Round to two decimal places.)