Consider the following two mutually exclusive projects:

Year	Cash Flow (A)				Cash Flow (B)
0	$	358,000			$	46,000
1		37,000				23,200
2		57,000				21,200
3		57,000				18,700
4		432,000				13,800

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?

b-1

What is the discounted payback period for each project?

c-1

What is the NPV for each project?

d-1

What is the IRR for each project?

e-1	What is the profitability index for each project?