Consider the following two mutually exclusive projects: Year Cash Flow (A) AWNO 354.000 41,000 61,000 61,000 436,000 Cash Flow (B) $48,000 23,600 21,600 19.100 14,200 Whichever project you choose, if any, you require a return of 14 percent on your investment 0-1 What is the payback period for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Project A Project B 3.44 years 2.15 years a-2 If you apply the payback criterion, which investment will you choose? O 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.) 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.) Project A Project B 3.89 years 2.83 years b-2 If you apply the discounted payback criterion, which investment will you choose? O 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 28,222.69 10,621.75 C-2 If you apply the NPV criterion, which investment will you choose? Project A C-2 If you apply the NPV criterion, which investment will you choose? Project A O 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-2 If you apply the IRR criterion, which investment will you choose? O 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 e-2 if you apply the profitability index criterion, which investment will you choose? O Project A Project B f. Based on your answers in (a) through (e), which project will you finally choose