The firm has a Payback and NPV Neil Corporation has three projects under consideration. The cash flows for each of them are shown in the following table: cost of capital of 18%. 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 Project A $50,000 Project C $50,000 Initial investment (CF) Year (1) Project B $50,000 Cash inflows (CF) $3,000 $10,000 $17,000 $24,000 $31,000 $17,000 $17,000 $17,000 $17,000 $17,000 NM $31,000 $24,000 $17,000 $10,000 $3,000