Consider the following two mutually exclusive projects Cash Flow Cash Flow 0 347,000 $49,500 24,300 22,300 19,800 14,900 48,000 68,000 68,000 443,000 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? (Do not round intermediate calculations and round your answers to 2 decimal places, e.9,32.16.) Payback period Project A Project B years years a-2 If you apply the payback orterion, 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 and round your answers to 2 decimal places, e.g,32.16.) Project A Project B Discounted payback period years years