shown in the following table.

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 $12\%.$

c$.$ Calculate the internal rate of return $($IRR$)$ for each project.

d$.$ Indicate which project you would recommend.

a$.$ The payback period of project $A$ is

years. $($Round to two decimal places.$)$

The payback period of project $B$ is

years. $($Round to two decimal places.$)$

The payback period of project $C$ is

years. $($Round to two decimal places.$)$

b$.$ The NPV of project $A$ is $

$($Round to the nearest cent.$)$

The NPV of project B is $

$($Round to the nearest cent.$)$

The NPV of project Cois $

$($Round to the nearest cent.$)$

c$.$ The IRR of project $A$ is

$\%.($Round to two decimal places.$)$

The IRR of project $B$ is

$\%.($Round to two decimal places.$)$

The IRR of project $C$ is

$\%.($Round to two decimal places.$)$

d$.$ Which project would you recommend? $($Select the best answer below.$)$

A$.$ Project C

B$.$ Project B

C$.$ Project $A$