All$$ techniques, conflicting rankings$$Nicholson Roofing$$ Materials, Inc., is considering two mutually exclusive$$ projects, that both cost $$$$150,000.$ The$$ company's board of directors has set a$4-$year payback requirement the cost of capital is $9\%.$ The project cash flows are shown in the following$$ table: Year Project A Project $145,00075,000$

$245,00060,000$

$345,00030,000$

$445,00030,000$

$545,00030,000$

$645,00030,000$

a$.$ Calculate the payback period for each project. Rank the projects by payback period.

b$.$Calculate the NPV of each project. Rank the project by NPV

c$.$Calculate the IRR of each project. Rank the project by IRR.

d$.$Make a recommendation.