Consider the following two mutually exclusive projects: Whichever project you choose, if any, you require a 14% return on your investment.

If you apply the payback criterion, you will choose Project ______ if the company has cutoff period, 3 years;

If you apply the NPV criterion, you will choose Project ______;

If you apply the IRR criterion, you will choose Project _____;

If you choose the profitability index criterion, you will choose Project ___.