Consider the following two mutually exclusive projects: Cash Flow Year Cash (A) Flow(B) -$54,000 -$23,000 0 12,700 11,600 1 2 23,200 11,200 27,600 12,500 46,500 6,000 4 Whichever project you choose, if any, you require a rate of return of 14 percent on your investment. If you apply the payback criterion, you will choose Project if you apply the NPV if you choose the profitability index criterion, you will choose Project Based on your entenon, you will choose Project answers project will you ou apply the IRR criterion, you will choose Project finally choose? O A: B: A: A: B O B; A; B; A: A O A: A; B; B; A O B; A; B; B; A O A: A; B; B; B