11. Each of two mutually exclusive projects involves an investment of $155,000. Net cash flows for the projects are as follows: Project A" Project "B" $76,000 64,000 42,000 51,000 Year $72,000 76,000 A. Calculate each project's payback period B. Compute the Net Present Value (NPV) of each project when the firm's cost of capital is 10 percent. C. Internal Rate of Return (IRR) D. Modified Internal Rate of Return (MIRR) 12. Paul's construction supplies expect its revenues and payments for the first part of the year to be: Month Sales Purchases Jan. Feb Mar. April May $25,000 20,000 30,000 35,000 18,000 S35,000 22,000 25,000 24,000 15,000 Sixty percent of the firm's sales are on credit. Past experience shows that 30 percent of credit sales are collected in the month after sale, and the remainder are collected in the second month after sale. Prepare a schedule of cash receipts for March, April and May. Paul's pays its purchases in the following month. Paul's had a cash balance of $4,000 on March 1, which is also its minimum required cash balance. Prepare a cash budget for March, and April