Q$8.$P$15.(20$ points$)$ Consider the following two mwatually evclusive projects:

$\backslash$table$[[$Year$,0,1,-2,3,4],[$Cash How A$,-54,150,5490,$$$570,$$$740,$$$55\mathrm{.}300],[$Cash How B$,-$$$350,$$$194,$$$143,$$$136,$$$104],[13\%,,$Payback,IIPR,,$],[493\mathrm{.}5,3\mathrm{.}44,16\mathrm{.}8\%,1\mathrm{.}119,],[91\mathrm{.}7,2\mathrm{.}10,26\mathrm{.}6\%,1\mathrm{.}262,]]$

Whichever project you choose, if any, you require a $13$ pereent return on your investment.

$($a$)$ If you apply the payback criterion, which investment will you choose? Bricfly why?

$($b$)$ If you apply the NPV eriterion, which investment will you choose? Briefly why?

$($c$)$ If you apply the profitability index criterion, which investment will you choose? Briefly why?

$($d$)$ Based on these answers, which project will you finally choose? Briefly why?

$($c$)$ Is the IRR on project A larger or smaller than the required return? Briefly describe bow you can tell.