Save Payback and NPV Neil Corporation has three projects under consideration. The cash flows for each of them are shown in the following table The firm has a cost of capital of 12% a. Calculate each project's payback period. Which project is preferred according to this method? b. Calculate each project's not present value (NPV). Which project is preferred according to this method? c. Comment on your findings in parts a and b, and recommend the best project Explain your recommendation CETE a. The payback period of project Ais years. (Round to two decimal places) Data table -X (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Project A Project B Project C Initial investment (CF) $50,000 $50,000 $50,000 Year (t) Cash inflows (CF) $18,000 $2,000 $34,000 $18,000 $10,000 $26,000 $18,000 $18,000 $18,000 $18,000 $26,000 $10,000 $18,000 $34,000 $2,000 12345 Print Done