Consider the following two mutually exclusive projects: Year 0 1 2 3 4 Cash Flow (A) -$364,000 46,000 68,000 68,000 458,000 Cash Flow (B) -$52,000 25,000 22,000 21,500 17,500 Whichever project you choose, if any, you require a return of 11 percent on your investment a-1. What is the payback period for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Project A Project B Payback period Years Years a-2. If you apply the payback criterion, which investment will you choose? O Project A O Project B b-1. What is the discounted payback period for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Project A Project B Discounted payback period Years Years b-2. If you apply the discounted payback criterion, which investment will you choose? Project A O Project B C-1. What is the NPV for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) NPV Project A Project B c-2. If you apply the NPV criterion, which investment will you choose? Project A Project B d-1. What is the IRR for each project? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) IRR Project A Project B % % d-2. If you apply the IRR criterion, which investment will you choose? Project A O Project B e-1. What is the profitability index for each project? (Do not round intermediate calculations and round your answers to 3 decimal places, e.g., 32.161.) Profitability index Project A Project B e-2. If you apply the profitability index criterion, which investment will you choose? O Project A O Project B f. Based on your answers in (a) through (e), which project will you finally choose? Project A O Project B