Question Help All techniques-Decision among mutually exclusive investments Pound Industries is attempting to select the best of three mutually exclusive projects. The nitial investment and after-tax cash inflows associated with these projects are shown in the following table. Cash flows Project A Project B Project C Initial investment (CF) $60,000 $90,000 $100,000 Cash inflows (CF), 7=1 to 5 $20,000 $31,000 $31,500 . Calculate the payback period for each project. 5. Calculate the net present value (NPV) of each project, assuming that the firm has a cost of capital equal to 14%. mc. Calculate the internal rate of return (IRR) for each project. d. Indicate which project you would recommend a. The payback period of project Aisyears. (Round to two decimal places.)