Consider the following two mutually exclusive projects: Year 0 1 Cash Flow (A) -$225,000 15,000 40,000 55,000 340,000 Cash Flow (B) -$30,000 17,000 11,000 20,000 15,000 2 3 4 The required return on these investments is 14 percent. Required: (a) What is the payback period for each project? (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) Project A Project B Payback period years years (b) What is the NPV for each project? (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g.,32.16).) Net present value Project A Project B $ (c) What is the IRR for each project? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).) Project A Project B Internal rate of return 1% % (d)What is the profitability index for each project? (Do not round intermediate calculations. Round your answers to 3 decimal places (e.g., 32.161).) Profitability index Project A Project B (e)Based on your answers in (a) through (d), which project will you finally choose