Choosing between two projects with acceptable payback periods Shell Camping Gear, Inc., is considering two mutually exclusive projects. Each requires an initial investment of $180,000 John Shell, president of the company has set a maximum payback period of 4 years. The after-tax cash flows associated with each project are shown in the following table: a. Determine the payback period of each project. b. Because they are mutually exclusive, Shell must choose one. Which should the company invest in? The payback period of project is years. (Round to two decimal places) The payback period of project 3 years. (Round to two decimal places) b. Because they are mutually exclusive, Shell must choose one. Using the payback period, which project should the company invest in? (Select the best answer below) Project A would be preferred over project because the larger cash flows are in the later years of the project Project B would be preferred over project A because the larger cash flows are in the early years of the project Data Table (Click on the icon located on the top-right comer of the datatable below in order to copy its contents into a spreadsheet) Cash inflows (CF) Year Project A Project B $30,000 $60,000 $40.000 $50,000 3 $50,000 $40,000 4 $60,000 $30,000 5 $20,000 $20,000 2 k to select your answers)