Consider the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) $423,000 $ 39,000 2 3 4 45,000 61,000 78,000 538,000 20,200 13,500 17,600 14,400 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, e.g., 32.16.) Payback period Project A Project B years years 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.) Net present value Project A Project B