D Question 16 Consider the following two mutually exclusive projects: Year Cash Flow (Project A) Cash Flow (Project B) 0 $54,000 $23,000 12.700 11.600 2 23,200 11.200 3 27,600 12.500 46.500 6.000 The required return is 14 percent. In answering the questions below, please show your work. 1. If you apply the payback criterion, which project will you choose? (4 points) 2. If you apply the NPV criterion, which project will you choose? (4 points) 3. If you choose the profitability index criterion, which project will you choose? (2 points) 4. Based on your first three answers, which project will you finally choose? Why? (2 points) Edit Format Table 12nt Paraarach R