Consider the following two mutually exclusive projects: Year 1 2 3 4 Cash Flow (A) -$160,000 14,000 35,000 40,000 185,000 Cash Flow (B) -$22,000 8,000 12,000 17,000 17,000 The required return on these investments is 8 percent. Required: (a) What is the payback period for each project? (Do not round Intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) Payback period Project A years Project B years (b) What is the NPV for each project? (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g.,32.16).) Project A Project B Net present value $ $ (c) What is the IRR for each project? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).) Project A Project B Internal rate of return % % (d)What is the profitability index for each project? (Do not round Intermediate calculations. Round your answers to 3 decimal places (e.g., 32.161).) Profitability index Project A Project B (e)Based on your answers in (a) through (d), which project will you finally choose? (Click to select)