8.value: 12.50 points Consider the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) 0 $ 356,000 $ 47,000 1 39,000 23,400 2 59,000 21,400 3 59,000 18,900 4 434,000 14,000 Whichever project you choose, if any, you require a 15 percent return on your investment. a-1 What is the payback period for each project? (Round your answers to 2 decimal places. (e.g., 32.16)) Payback period Project A 3.46 years Project B 2.12 years a-2 If you apply the payback criterion, which investment will you choose? Project A Project B b-1 What is the discounted payback period for each project? (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16)) Discounted payback period Project A years Project B years b-2 If you apply the discounted payback criterion, which investment will you choose? Project A Project B c-1 What is the NPV for each project? (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16)) NPV Project A $ Project B $ c-2 If you apply the NPV criterion, which investment will you choose? Project B Project A d-1 What is the IRR for each project? (Round your answers to 2 decimal places. (e.g., 32.16)) IRR Project A % Project B % d-2 If you apply the IRR criterion, which investment will you choose? Project A Project B e-1 What is the profitability index for each project? (Do not round intermediate calculations and round your final answers to 3 decimal places. (e.g., 32.161)) Profitability index Project A Project B e-2 If you apply the profitability index criterion, which investment will you choose? Project A Project B f Based on your answers in (a) through (e), which project will you finally choose