Consider the following two mutually exclusive projects: Year O 1 2 3 4 Cash Flow (A) -$310,000 25,000 70,000 70,000 410,000 Cash Flow (B) -$32,000 19,000 11,000 19,000 11,000 The required return on these investments is 12 percent. Required: (a) What is the payback period for each project? (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) Project A Project B Payback period years years (b) What is the NPV for each project? (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g.,32.16).) Net present value Project A $ Project B $ (b) What is the NPV for each project? (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g.,32.16).) Project A Project B Net present value $ $ (c) What is the IRR for each project? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g. 32.16).) Project A Project B Internal rate of return % % (d)What is the profitability index for each project? (Do not round intermediate calculations. 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? (Click to select) Project A Project B