Maxwell Software, Inc., has the following mutually exclusive projects Year Project Project 0 $34,000 $37,000 19,000 20,000 15,500 14,000 4,300 15,500 2 3 a- Calculate the payback period for each project. (Do not round 1. intermediate calculations and round your answers to 3 decimal places, e.g., 32.161.) Payback period Project A Project B 1.97 years years Which, if either, of these projects should be chosen? 2 Project A Project B Both projects Neither project b- What is the NPV for each project if the appropriate discount rate is 16 1. 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., 32.16.) NPV Project s Project b- Which, if either, of these projects should be chosen if the appropriate 2. discount rate is 16 percent? Project A Project B Both projects Neither project