Consider the following two mutually exclusive projects:

Year	Cash Flow (A)	Cash Flow (B)
0	$432,000	$43,500
1	40,500	21,100
2	65,500	12,600
3	82,500	22,100
4	547,000	18,900

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?