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Consider the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) -$ -$ 0 345,000 48,500 1 50,000 24,500 2 70,000 22,500 3 70,000 20,000 4 445,000 15,100 Whichever project you choose, if any, you require a return of 14 percent on your investment. a-1. What is the payback period for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Payback period years Project A Project B years a- 2. If you apply the payback criterion, which investment will you choose? O Project A O Project B b- What is the discounted payback period for each project? (Do not round intermediate 1. calculations and round your answers to 2 decimal places, e.g., 32.16.) Discounted payback period years Project A Project B years b- 2. If you apply the discounted payback criterion, which investment will you choose? Project A O Project B C-1. What is the NPV for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) NPV Project A Project B If you apply the NPV criterion, which investment will you choose? 2. O Project A O Project B d- What is the IRR for each project? (Do not round intermediate calculations and enter 1. your answers as a percent rounded to 2 decimal places, e.g., 32.16.) IRR Project A Project B % % oni d- 2. If you apply the IRR criterion, which investment will you choose? O Project A O Project B e-1. What is the profitability index for each project? (Do not round intermediate calculations and round your answers to 3 decimal places, e.g., 32.161.) Profitability index Project A Project B e- 2. If you apply the profitability index criterion, whic tment will you choose? O Project A O Project B f. Based on your answers in (a) through (e), which project will you finally choose