Consider the following two mutually exclusive projects: Year Cash Flow (A) 0 $344,000 Cash Flow (B) $49,000 24,600 22,600 20,100 15,200 1 2 3 4 51,000 71,000 71,000 446,000 Whichever project you choose, if any, you require a return of 15 percent on your investment. a-1 What is the payback period for each project? (Do not round intermediate calculations and round your answers to decimal places, e.g., 32.16.) Answer is complete and correct. 3.34 years Project A Project B 2.09 years a-2 If you apply the payback criterion, which investment will you choose? a-2 If you apply the payback criterion, which investment will you choose? Project A Project B b-1 What is the discounted 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 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.) Project A Project B C-2 If you apply the NPV criterion, which investment will you choose? Project A Project B 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-21f 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.) Project A Project B