Below are the estimated cash flows for two mutually exclusive projects for a company. The company has a WACC of 9.3% Year 0 1 2 3 $ $ $ $ $ $ Cash flows in K$ Project A Project B Cash Flows Cash Flows (17,000.00) $ (17,000.00) 10,000.00 $ 1,000.00 5,000.00 $ 2,000.00 2,000.00 $ 3,000.00 2,000.00 $ 4,000.00 2,000.00 $ 15,000.00 4 5 Use the data from the second scenario to answer this question. What is the pay back period for project A? O A. 1.96 years O B. 2 years OC. 3 years O D. This project has no payback period