Consider the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) 0 -$ 341,000 51,000 1 54,000 24,900 2. 74,000 22,900 3 74,000 20,400 4 449,000 15,500 Whichever project you choose, if any, you require a return of 15 percent on your Investment WN a-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.) Answer is not complete. Project A Project B Payback period 3.31 years years 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.) NPV Project A Project B 2. If you apply the NPV criterion, which investment will you choose? Project A Project B d. What is the IRR for each project? (Do not round intermediate calculations and enter 1. your answers as a percent rounded to 2 decimal places, e.g., 32.16.) IRR Project A Project B % % de de 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.) Profitability Index Project A Project B e- NP If you apply the profitability index criterion, which investment will you choose? Project A Project B f. Based on your answers in (a) through (e), which project will you finally choose