Use the following information for mutually exclusive projects A and B. Year Project A Project B o -$50,000 -$50,000 1 26,000 14,000 20,000 18,000 3 16,000 22,000 4 12,000 26,000 N Project A Project B Payback 2.25 years NPV $9,259.71 IRR 20.73% 19.46% (a) (5 points) Compute Project B's payback. Which project will you choose if you apply the payback decision rule? Explain. (b) (5 points) Compute Project B's NPV at the required return of 11 percent. Which project will you choose if you apply the NPV decision rule? Explain. (0) (2 points) See the projects' IRRs listed in the table. If you apply the IRR decision rule, which project will you choose? Explain. (d) (2 points) Is there a conflict in the payback, NPV, and IRR rankings? If so, which project should you chose? Explain