27 Britney Javelin Company is considering two investments, both of which cost $38,000. The cash flows are as follows: Use Appendix B and Appendix D. Year WNIO 1 3 Project A Project B a. Calculate the payback period for project A and project B. (Round the final answers to 2 decimal places.) Payback period 2.20 years 2.23 years Project A Project B Project A $25,000 10,000 15,000. b-1. Calculate the NPV for project A and project B. Assume a cost of capital of 8 percent. (Round "PV Factor" to 3 decimal places. Round the intermediate and final answers to the nearest whole dollar.) Net present value Project B $24,000 9,500 20,000 Project A Project B b-2. Which of the two projects should be chosen based on the NPV method? Both