Consider the following two mutually exclusive projects Cash Flow Cash Flow Year 0 352,000 49,000 2 3 4 63,000 63,000 438,000 43,000 23,800 21,800 9,300 14,400 Whichever project you choose, if any, you require a return of 15 percent 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.g., 32.16.) Project A Project B years years a-2 lf you apply the payback criterion, Which investment will you choose a-2lf you apply the payback criterion, which investment will you choose? Project A O Project EB 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 years years b-2lf you apply the discounted payback criterion, which investment will you choose? Project A O Project EB c-1 What is the NPV for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Project A Project B c-2 lf you apply the NPV criterion, which investment will you choose? O Project A Project B d-1 What is the IRR for each project? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Project A Project B d-2lf you apply the IRR criterion, which investment will you choose? O Project A O Project B e-1 What is the profitability index for each project? (Do not round intermediate calculations and round your answers to 3 decimal places, e.g., 32.161.) Project A Project B e-2lf you apply the profitability index criterion, which investment will you choose? O Project A O Project B f. Based on your answers in (a) through (e), which project will you finally choose