problem: Caledonia is considering 2 additional mutually exclusive projects. The cash flows associated with these projects are as follows:
YEAR

PROJECT A

PROJECT B

0

$100,000

$100,000

1

32,000

0

2

32,000

0

3

32,000

0

4

32,000

0

5

32,000

$200,000

The required rate of return on these projects is eleven percent.
[A] find out each project's payback period?
[B] find out each project's net present value?