You are assigned as an assistant to the financial vice president of a company. Your task is to evaluate two project proposals (Project A & Project B) and help the VP make a decision. Project A has an initial cost of $55,000 expected net cash inflows of $35,000 per year for 3 years, and a cost of capital of 9%. (a) Calculate the Normal Payback Period: (15 p.) East, 2020 (b) Calculate the Discounted Payback Period: (15 p.) (c) Calculate the NPV: (15 p.) Project B has an initial cost of $57,000 expected net cash inflows of $30,000 per year for 3 years, and a cost of capital of 9%. (c) Calculate the Normal Payback Period: (15 p.) Copyright American College of the Middle East, 2021 (d) Calculate the Discounted Payback Period: (15 p.) (c) Calculate the NPV: (15 p.) Assume projects A and B are mutually exclusive, which project should be accepted based on NPV's results and why? (10 p.)