Consider the following two mutually exclusive projects: Year ?? ? ? ? Cash Flow (A) -$ 356,000 39,000 59,000 59,000 434,000 Cash Flow (B) -$ 47,000 23,400 21,400 18,900 14,000 Whichever project you choose, if any, you require a 15 percent return 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? 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.) NPV Project A Project B GA