15. Comparing Investment Criteria. Consider the following two mutually exclusive projects: Year 1 Cash Flow (A) $325,000 43,000 51,000 69,000 480,000 Cash Flow (B) $30,000 15,800 13,100 12,700 9,700 2 3 4 Whichever project you choose, if any, you require a 15 percent return on your investment 2. If you apply the payback criterion, which investment will you choose? Why? b. If you apply the NPV criterion, which investment will you choose? Why? If you apply the IRR criterion, which investment will you choose? Why? d. If you apply the profitability index criterion, which investment will you choose? Why? . Based on your answers in (a) through (d), which project will you finally choose? Why? 16. MPV and SRR. Bee Ware Company is presented with the following two mutually exclusive projects. The required return for both projects is 15 percent. Year 0 1 2 Project M -$190,000 75,000 90,000 85,000 70,000 Project N -$300,000 110,000 145,000 130.000 95,000 3 4 What is the IRR for each project? b. What is the NPV for each project? c Which, if either, of the projects should the company accept