Consider the following two mutually exclusive projects:

Year	Cash Flow (A)	Cash Flow (B)
0	$309,671	$29,559
1	25,500	12,458
2	57,000	9,218
3	50,000	10,390
4	394,000	12,479

Whichever project you choose, if any, you require a 15 percent return on your investment.

Required:

(a)	The payback period for Projects A and B is and years, respectively. (Round your answers to 2 decimal places. (e.g., 32.16))

(b)	The discounted payback period for Projects A and B is and years, respectively. (Round your answers to 2 decimal places. (e.g., 32.16))

(c)	The NPV for Projects A and B is $ and $ , respectively. (Do not include the dollar sign ($). Round your answers to 2 decimal places, (e.g., 32.16))

(d)	The IRR for Projects A and B is percent and percent ,respectively. (Do not include the percent sign (%). Round your answers to 2 decimal places. (e.g., 32.16))

(e)	The profitability index for Projects A and B is and, respectively. (Round your answers to 3 decimal places. (e.g., 32.161))

(f)	Based on your answers in (a) through (e), you will finally choose Project(Click to select)AB.