Your firm is subject to capital rationing and can only invest $60,000. You've estimated the following cash flows (in $) for two projects:

Year	Project A	Project B
0	-56,000	-56,000
1	10,000	30,000
2	20,000	20,000
3	30,000	10,000
4	40,000	0

The required return for both projects is 8%.

Part 1

What is the payback period for project A?

2+ Decimals

Part 2

What is the payback period for project B?

2+ Decimals

Part 3

Which project seems better according to the payback method?

Project B or Project A?

Part 4

What is the NPV for project A?

0+ Decimals

Part 5

What is the NPV for project B?

0+ Decimals

Part 6

Which project seems better according to the NPV method?

Project B or Project A?

Part 7

Compare the answers to parts 3 and 6. If both projects are mutually exclusive, which one should you accept?

Project B or Project A?

Thank you in advance! I will thumbs up :)