Use the cash flows below to answer questions 3 & 4 Project A Project B 0 -30,000 -50,000 1 12,000 10,000 2 8,000 12,000 10,500 14,000 3) Calculate the payback period for both of the projects. If management requires a 3 year payback which projects would you be willing to accept? 4) Calculate the NPV for both projects assuming a 6% required return. If the projects are mutually exclusive, which one (if any) would you be willing to accept