Consider the following two mutually exclusive projects:

Year	Cash Flow (A)	Cash Flow (B)
0	$ 215,000	$ 57,000
1	34,000	32,900
2	45,000	24,300
3	51,000	18,300
4	270,000	17,800

The required return on these investments is 13 percent.

What is the payback period for each project?

Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.

What is the NPV for each project?

Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.

What is the IRR for each project?

Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.

What is the profitability index for each project?

Note: Do not round intermediate calculations and round your answers to 3 decimal places, e.g., 32.161.

Based on your answers in (a) through (d), which project will you finally choose?