17. Comparing Imvestment Criteria (LO1, 2,3,5, 7) Consider the following two mutually exclusive projects: Page 334 Whichever project you choose, if any, you require a 15% return on your investment. a. If you apply the payback criterion, which investment will you choose? Winy? 4. If you apply the discounted payback criterion, which imvestment will you choose? Why? c. If you apply the NPV criterion, which investment will jou choose? Why? d. If you apply the IRR criterion, which investment will you choose? Why? e. If you apply the profitability index criterion, which iunstment will you choose? Who? f. Based on your ansuers in (a) through (c), which project will you finally choose? Why