17. Comparing Investment Criteria [LO1, 2, 3, 5, 7] Consider the following in mutually exclusive projects: Whichever project you choose, if any, you require a return of 11 percent on yer investment. a. If you apply the payback criterion, which investment will you choose? Why? b. If you apply the discounted payback criterion, which investment will you chare Why? c. If you apply the NPV criterion, which investment will you choose? Why? d. If you apply the IRR criterion, which investment will you choose? Why? f. Based on your answers in (a) through (e), which project will you finally chors Why