Question: Grant, Incorporated, has the following mutually exclusive projects Year Project A Project B 0 -$ 13,400 -$ 8,800 1 8,000 3,500 2 6,600 3,000

Grant, Incorporated, has the following mutually exclusive projects Year Project A Project

Grant, Incorporated, has the following mutually exclusive projects Year Project A Project B 0 -$ 13,400 -$ 8,800 1 8,000 3,500 2 6,600 3,000 5,400 2,100 a. Calculate the payback period for each project. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. b. Based on the payback period, which project should the company accept? c. If the appropriate discount rate is 13 percent, what is the NPV for each project? Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. d. Based on the NPV, which project should the company accept? a. Project A Project B years years b. Payback decision Project A c. Project A Project B d. NPV decision Project B

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