Question: Consider the following two mutually exclusive projects: 7 Year NO Cash Flow (A) -$370,000 47,000 67,000 67,000 442,000 Cash Flow (B) -$ 56,000 26,000 24,000

 Consider the following two mutually exclusive projects: 7 Year NO Cash

Consider the following two mutually exclusive projects: 7 Year NO Cash Flow (A) -$370,000 47,000 67,000 67,000 442,000 Cash Flow (B) -$ 56,000 26,000 24,000 21,500 16,600 3 4 01:21:15 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 decimal pla Project Project B Payback Period years 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 calcu decimal places.)

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