Question 9 4pts Questions A9-A13 are based on the following information Two projects have the same time to maturity of 5 years. The projects are mutually exclusive. Start-up costs are $20,000 for project (S) and $35,000 for project (L.). Cost of capital is 10% for each project. Project (5) generates cash flows of $7.500 per year for 5 years. Project (L) generates cash flows of $9,500 per year for 5 years. A9. What is the payback period for project L (in number of years)? (a) 2.67 years. (b) 3.43 years. (c) gears. (d) 4.25 years. (e) 3.95 years a C Od