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 return of 15 percent on your investment b- What is the discounted payback period for each project? (Do not round Intermediate 1. calculations and round your answers to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. Project A Project B Discounted payback period 3.48 X years 3.99 years b- 2. If you apply the discounted 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.) NPV Project A Project B 1. your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Answer is not complete. IRR 15.17 Project A Project B % % d- 2. If you apply the IRR criterion, which investment will you choose? Project A 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.) Profitability index Project A Project B