This is all that is provided in the text book for the question. If you are unable to complete allow another expert to complete it.

P10-3 Choosing between two projects with acceptable payback periods Shell Camping Gear Inc. is considering two mutually exclusive projects. Each requires an initial investment (CF0) of $100,000. John Shell, president of the company, has set a maximum payback period of 4 years. The after-tax cash inflows associated with each project are shown in the following table. a. Determine the payback period of each project. b. Because they are mutually exclusive, Shell must choose one. Which should the company invest in? c. Explain why one of the projects is a better choice than the other