Consider the following two mutually exclusive projects: Year Cash Flow (B) 0 Cash Flow (A) $359,000 36,000 56,000 56,000 431,000 1 2 3 4 45,500 23,100 21,100 18,600 13,700 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 years a-2 if you apply the payback criterion, which investment will you choose? Project A 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.) Project A Project B % % d-2 If you apply the IRR criterion, which investment will you choose? 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 f. Based on your answers in (a) through (e), which project will you finally choose