Consider the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) 0 --$418,000 -$36,500 1 47,500 19,700 2 58.500 14,000 3 75,500 15.100 4 533,000 11,900 The required return on these investments is 14 percent a. What is the payback period for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, 9. 32.16.) b. What is the NPV for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g. 32.16.) c. What is the IRR for each project? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g. 32.16.) d. 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.) e. Based on your answers in (a) through (d), which project will you finally choose? years years a. Project Project B b. Project A Project B c. Project A 96