All techniques with NPV profileMutually exclusive projects Projects A and B, of equal risk, are alternatives for expanding Rosa Company's capacity. The firm's cost of capital is 12%. The cash flows for each project are shown in the following table: a. Calculate each project's payback period. b. Calculate the net present value (NPV) for each project. c. Calculate the internal rate of retur (IRR) for each project. d. Indicate which project you would recommend a. What is the payback period of project A? years (Round to two decimal places.) Project A $160,000 Project B $130,000 Initial investment (CF) Year (1) 1 2 Cash inflows (CF) $40,000 $40,000 $45,000 $40,000 $50,000 $40,000 $55,000 $40,000 $60,000 $40,000 3 4 5