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

years years a. Project A Project B b. Project A Project B c. Project A Project B d. Project A Project B % % e