Consider the following two mutually exclusive projects: Year 0 1 Cash Flow (A) Cash Flow (B) -$245,000 -$53,000 34,000 31,900 49,000 28,100 15,000 17,300 325,000 16,200 2 3 4 The required return on these investments is 13 percent. a. 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.) b. What is the NPV for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) c. 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.) d. 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.) e. Based on your answers in (a) through (d), which project will you finally choose? a. Project A Project B b. Project A Project B years years c. Project A % Project B % d. Project A Project B e. Project acceptance