a-2	If you apply the payback criterion, which investment will you choose?
	Project A Project B

b-1	What is the discounted payback period for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

b-2	If you apply the discounted payback criterion, which investment will you choose?
	Project A Project B

c-1	What is the NPV for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

c-2	If you apply the NPV criterion, which investment will you choose?
	Project A Project B

d-1	What is the IRR for each project? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

d-2	If you apply the IRR criterion, which investment will you choose?
	Project A Project B

e-1	What is the profitability index for each project? (Do not round intermediate calculations and round your answers to 3 decimal places, e.g., 32.161.)

e-2	If you apply the profitability index criterion, which investment will you choose?
	Project A Project B

f.	Based on your answers in (a) through (e), which project will you finally choose?

Problem 9-17 Comparing Investment Criteria (LO1, 2, 3, 5, 7] Consider the following two mutually exclusive projects: Year o-NM 1 Cash Flow (A) 347,000 48,000 68,000 68,000 443,000 Cash Flow (B) 249,500 24,300 22,300 19,800 14,900 Whichever project you choose, if any, you require a return of 15 percent on your investment a-1 What is the payback period for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) years Project A Project B years