Consider the following two mutually exclusive projects Whichever project you choose, if any, you require a 15 percent return on your investment. a) If you apply the payback (PB) criterion, which investment will you choose? Why? I would pick project B because the payback period is less. b) If you apply the NPV criterion, which investment will you choose? Why? c) If you apply the IRR criterion, which investment will you choose? Why? d) If you apply the profitability index (PI) criterion, which investment will you choose? Why? e) Based on your answers in (a) through (e ), which project will you finally choose? Table 1