Consider the following two mutually exclusive projects: Year 0 Cash Flow Cash Flow (A) (B) $359,000 $45,500 36,000 23,100 56,000 21,100 56,000 18,600 431,000 13,700 1 2 3 4 Whichever project you choose, if any, you require a return of 14 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.) years Project A Project B nces years a-2 If you apply the payback criterion, which investment will you choose? O 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.) Project A Project B C-2 If you apply the NPV criterion, which investment will you choose? O Project B O Project A d-1 What is the IRR for each project? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) ces Project A Project B % % d-2 If you apply the IRR criterion, which investment will you choose? O 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.) Project A Project B e-2 if you apply the profitability index criterion, which investment will you choose? O Project A O Project B 1. Based on your answers in (a) through (e), which project will you finally choose