Consider the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) 0 $ 502,000 $ 95,000 1 120,000 54,000 2 140,000 37,000 3 80,000 34,500 4 480,000 29,600 Whichever project you choose, if any, you require a 15% return on your investment. a-1. What is the payback period for each project? (Round the final answers to 2 decimal places.) Payback Period Project A 3.36 years Project B 2.12 years a-2. If you apply the payback criterion, which investment will you choose? multiple choice 2 Project A Project B b-1. What is the discounted payback period for each project? (Do not round intermediate calculations. Round the final answers to 2 decimal places.) Discounted Payback Period Project A 4.00 years Project B 2.15 years b-2. If you apply the discounted payback criterion, which investment will you choose? multiple choice 4 Project A Project B c-1. What is the NPV for each project? (Do not round intermediate calculations. Round the final answers to 2 decimal places. Omit $ sign in your response.) NPV Project A $ 18669.95 Project B $ 1498.57 c-2. If you apply the NPV criterion, which investment will you choose? multiple choice 6 Project A Project B d-1. What is the IRR for each project? (Round the final answers to 2 decimal places.) IRR Project A 16.47 % Project B 18.50 % d-2. If you apply the IRR criterion, which investment will you choose? multiple choice 8 Project A Project B e-1. What is the profitability index for each project? (Do not round intermediate calculation. Round the final answers to 3 decimal places.) Profitability Index Project A 1.037 Project B 1.068 e-2. If you apply the profitability index criterion, which investment will you choose? multiple choice 10 Project A Project B f. Based on your answers in (a) through (e), which project will you finally choose? multiple choice 12 Project A Project B