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XYX INC has a 15% WACC and is considering two mutually exclusive projects with following cash flows: WACC 15% Initial Cost Years: 0 1 2

XYX INC has a 15% WACC and is considering two mutually exclusive projects with following cash flows:

WACC 15% Initial Cost Years: 0 1 2 3 4 5 Project A -$900 $500 $445 $350 $175 $85 Project B -$700 $100 $200 $300 $400 $500

What is the payback period for project A?

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