Janina, Incorporated, has the following mutually exclusive projects.

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

calculations and round your answers to $3$ decimal places, e$.$g$.,32\mathrm{.}161.)$

Answer is complete and correct.

a$-2.$ If the company's payback period is two years, 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? $($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$.,32\mathrm{.}16.)$

Answer is not complete.

b$-$ Which, if either, of these projects should be chosen if the appropriate

discount rate is $16$ percent?

Project A

Project B $$

Both projects

Neither project