Homework: Module 8: Chapter 10 Save Score: 1.5 of 5 pts 7 of 8 (7 complete) Hw Score: 73.13%, 29.25 of 40 p P 10-24 (similar to) Question Help 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)1 to 5 Projectc $30,000 $70,000 $60,00 $21,500 Project A Project B $10,000 $21,000 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 8%. c. Calculate the internal rate of return (IRR) for each project d. Indicate which project you would recommend