Consider the following two mutually exclusive projects: Cash Flow Year (A) -$561,000 1 150,000 170,000 85,000 4 481,000 Cash Flow (B) -$110,000 44,000 42,000 39,500 34,600 WN 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 2 decimal places.) Project A Project B Payback Period years years a-2. If you apply the payback criterion, which investment will you choose? O Project A Project B b-1. What is the discounted payback period for each project? (Do not round intermediate calculations. Round the final answers to 2 decimal places.) Discounted Payback Period years years Project A Project B b-2 If you apply the discounted payback criterion, which investment will you choose? Project A Project B c-1. What is the NPV for each project? (Do not round intermediate calculations. Round the final answers to 2 decimal places, Omit $ sign in your response.) NPV Project Projects 5 c-2. If you apply the NPV criterion, which investment will you choose? Chec c-2. If you apply the NPV criterion, which investment will you choose? O Project A O Project B d-1. What is the IRR for each project? (Round the final answers to 2 decimal places.) IRR Project A Projects d-2. If you apply the IRR criterion, which investment will you choose? O Project A Project B e-1. What is the profitability index for each project? (Do not round Intermediate calculation. Round the final answers to 3 decimal places.) Profitability Index Project Project B