Consider the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) 0 $ 422,000 $ 38,500 1 45,500 20,100 2 60,500 13,600 3 77,500 17,100 4 537,000 13,900 The required return on these investments is 13 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 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 c. What is the IRR for each project? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Internal rate of return Project A Project B d. 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 e. Based on your answers in (a) through (d), which project will you finally choose?