= Homework: Homework Set 3 Question 24, P10-24 (si... Part 1 of 10 > HW Score: 57.18%, 28.59 of 50 points O Points: 0 of 2 Save All techniques-Decision among mutually exclusive investments Pound Industries is attempting to select the best of three mutually exclusive projects. The initial investment and after-tax cash inflows associated with these projects are shown in the following table. Cash flows Initial investment (CF) Cash inflows (CF), t= 1 to 5 Project A $140,000 $45,000 Project B $180,000 $56,000 Project C $170,000 $57,500 a. Calculate the payback period for each project. b. Calculate the net present value (NPV) of each project, assuming that the firm has a cost of capital equal to 11%. c. Calculate the internal rate of return (IRR) for each project. d. Indicate which project you would recommend. R... a. The payback period of project A is years. (Round to two decimal places.)