Considering the following two mutually exclusive projects Whichever project you choose, if any, you require a 8 percent return on your investment. Calculate payback period If you apply the payback criterion, which investment will you choose? Why? Calculate discounted payback period If you apply the discounted payback criterion, which investment will you choose? Why? Calculate NPV If you apply the NPV criterion, which investment will you choose? Why? Calculate IRR If you apply the IRR criterion, which investment will you choose? Why? Calculate profitability index If you apply the profitability index criterion, which investment will you choose? Why? Based on your answers in (a) through (c). which project will you finally choose? Why? Calculate the crossover rate. Why is there a conflict between project A and project B