1. 1 The Battling Bishops Corporation is considering two mutually exclusive pleces of machinery that perform the same task. The two alternatives available provide the following set of after-tax net cash flows: Year Equipment A Equipment B 0 --$35,000 -$40,000 16,500 9,000 2 16,500 9,000 3 16,500 9,000 9,000 5 9,000 1 6 9,000 9,000 9,000 9,000 4 7 8 9 a Equipment A has an expected life of 3 years, whereas equipment B has an expected life of 9 years. Assume a required rate of return of 14%. Calculate each project's payback period. b. Calculate each project's net present value. Calculate each project's internal rate of return. d. Are these projects comparable? C