Q) A firm has a WACC of 12.87% and is deciding between two mutually exclusive projects.Project A has an initial investment of $60.18. The additional cash flows for project A are: year 1 = $18.93, year 2 = $36.27, year 3 = $42.07. Project B has an initial investment of $74.47. The cash flows for project B are: year 1 = $51.07, year 2 = $49.52, year 3 = $25.82. Calculate the Following:

a) Payback Period for Project A:

b) Payback Period for Project B:

c) NPV for Project A:

d) NPV for Project B: