Consider the following two mutually exclusive projects. The appropriate requried return on each investment is 13 percent. Year NO 1 2 3 4 Hints Payback NPV IRR PI Cash Flow (A) -$415,000 49,000 57,000 74,000 530,000 Project A 3.44 years $ 49,346.83 16.80 % 1.119 Cash Flow (B) -$35,000 19,400 14,300 13,600 10,400 Project B ? 2 26.59 % ? Required: (a) What is the payback period for each project? Project A: Project B: (b) What is the NPV for each project? Project A: $ Project B: $ (c) What is the IRR for each project? Project A: % Project B: % (d) What is the profitability index for each project? Project A: Project B (e) Based on your answers in (a) through (d), which project will you finally choose