10-4: Company management is considering three mutually exclusive projects with cash flows forecast as follows: Cash Flows Project North Project South Project West Initial Outlay $80,000 $110,000 $140,000 Cash Inflows, yrs 1 to 5 30,000 40,000 50,000 (A) Derive the payback period for each product. (B) Assume cost of capital at 12.5%. Compute the NPV of each project. (C) Derive the IRR of each project. (D) You are the financial manager. Analyze the results and make your recommendation based on the above calculations