Question 18 (5 points) A project provides cash inflows of $525 each year for five years. What is the payback period if the cost is $2,300? 3.4 years 3.91 years 4.38 years None of the above Question 19 (5 points) Your firm is considering two projects that are mutually exclusive. You have computed the NPVs at the firm's required return and find the following: NPV Project A $12.896 NPV Project B $14,622 What is your recommendation? Reject both projects, Accept B. Accept A. Accept A and B. Question 20 (5 points) Saved The underlying problem with the IRR approach is that it assumes that the cash flows are reinvested at the required return. True False