Question ll Consider the following two mutually exclusive projects: Year Cash Flow Cash Flow ( 0 -$23,000 -$23,000 12.000 10,490 2 0,360 10,900 10,400 10,500 Whic hever project you choose, if any, you require a return of 15 percent on your investment. If you apply the payback criterion, which investment will you choose? Why? (10%) 1) If you apply the NPV criterion, which investment will you choose? Why? (10%) 2) If you apply the IRR criterion, which investment will you choose? why? (10%) 3) If you apply the profitability index criterion, which investment will you choose? why? (10%) 4) 5) Based on your answers in (1) through (4), which project will you finally choose? Why (10%)