A company is considering two mutually exclusive projects, each with an initial investment of $150,000. The company has set a 4 year maximum payback period, while its cost of capital is 9%. The cash flows are shown in the below table. Cash Inflows Year Project A Project B 1 $45,000 $75,000 $45,000 $60,000 3 $45,000 $30,000 $45,000 $30,000 $45,000 $30,000 $45,000 $30,000 N 4 LO 6 a. Calculate payback period for each project Calculate the NPV for each project at 0% b