value 9.00 points Consider the following two mutually exclusive projects: Cash Flow Year Cash Flow (A) -$ 354,000 41,000 61,000 61,000 436,000 48,000 23,600 21,600 19,100 14,200 Whichever project you choose, if any, you require a 14 percent return on your investment. a-1 what is the payback period for each project? Round your answers to 2 decimal places. e.g., 32.16)) Payback period Project A Project B years years a-2 If you apply the payback criterion, which investment will you choose? O Project A Project B b-1 What is the discounted payback period for each project? (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16)) Project A Project B Discounted payback period years years b-2 If you apply the discounted payback criterion, which investment will you choose? O Project A Project B c-1 What is the NPV for each project? (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16)) NPV Project A Project B