15. Comparing Investment Criteria. exclusive projects: Consider the following two mutually 01 3 4 Cash Flow (A) Year Cash Flow (B) -$235,000 -$47,000 1 29,000 28,700 2 45,000 19,900 3 51.000 17,300 325,000 16,200 Whichever project you choose, if any, you require a return of 13 percent on your investment. 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 choose? Why? Based on your answers in parts (a) through (d), which project will you finally choose? Why? a. C. e. 4e