Janina, Incorporated, has the following mutually exclusive projects.

a$-1.$ Calculate the payback perlod for each project. $($Do not round intermediate

calculations and round your answers to $3$ decimal places, e$.$g$.32161.)$

a$-2$ If the company's payback period is two years, which, if elther, 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? $($A

negative answer should be indicated by a minus sign. Do not round intermediate

calculations and round your answers to $2$ decimal places, e$.$g$.3216.)$