Fuji Software Inc. has the following mutually exclusive projects.

a$-1.$ Calculate the payback period for each project. $($Do not round intermediate calculations. Round the answers to $3$ decimal

places.$)$

a$-2.$ Which, if either, of these projects should be chosen?

Project A

Project B

Both projects

Neither project

b$-1.$ What is the NPV for each project if the appropriate discount rate is $16$ percent? $($Do not round intermediate calculations. Negative

amounts should be indicated by a minus sign. Round the answers to $2$ decimal places. Omit $ sign in your response.$)$

$b-2.$ Which, if either, of these projects should be chosen if the appropriate discount rate is $16$ percent?