Consider the following two mutually exclusive projects. Year 0 1 2 3 Cash Flow (A) -5364.000 46,000 69,000 60,000 450.000 Cash Flow (1) - $52.000 25.000 22.000 21,500 11,500 Whichever project you choose, if any, you require a return of 11 percent on your investment 8-1. What is the payback period for each project? (Do not round intermediate calculations and round your answers to 2 decime places, e.g.. 32.16.) Project A Project Payback period 3.59 Years 277 Years a-2. If you apply the payback criterion, which investment will you choose? Project A Project B b-1. What is the discounted payback period for each project? (Do not round intermediate calculations and round your answers to decimal places, eg.. 3216.) Discounted payback period 321 Years Project A