Consider the following two mutually exclusive projects: Cash Flow Year Cash Flow (A) -$502,000 120,000 (B) e -$ 95,000 54,000 140,000 37,000 3 80,000 34,500 4 480,000 29,600 Whichever project you choose, if any, you require a 15% return on your investment. 0-1. What is the payback period for each project? (Round the final answers to 2 decimal places.) Payback Period Project A years Project B years a-2. If you apply the payback criterion, which investment will you choose? O Project A O Project B 1 2