(A) Consider the following two mutually exclusive projects: Cash Plow Cash Flow Year () -$537,000 -$104,000 1 138,000 42,000 2 158,000 40,000 3 83,000 37,500 4 469,000 32,600 0 Whichever project you choose, if any, you require a 15% return on your investment a-1. What is the payback period for each project? (Round the final answers to 2 decimal places.) Payback Period Project years years Project B a-2. If you apply the payback criterion, which investment will you choose? O Project A O Project B b-1. What is the discounted payback period for each project? (Do not round intermediate calculations. Round the final answers to 2 decimal places.) Discounted Payback Period Project A years Project B years b-2. If you apply the discounted payback criterion, which investment will you choose? Project A O Project B c-1. What is the NPV for each project? (Do not round Intermediate calculations, Round the final answers to 2 decimal places. Omit$ sign in your response.) NPV Project Projects c-2. If you apply the NPV criterion, which investment will you choose? Project A O Project B d-1. What is the IRR for each project? (Round the final answers to 2 decimal places.) IRR Project 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 calculation. Round the final answers to 3 decimal places.) Profitability Index Project Project 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? Project A O Project B