Britney Javelin Company is considering two investments, both of which cost $16,000. The cash flows are as follows: Use Appendix B and Appendix D. Year 1 2 3 Project A $6,000 8,000 6,000 Project B $5,000 7,000 11,000 a. Calculate the payback period for project A and project B. (Round the final answers to 2 decimal places.) Project A Project B Payback period years years b-1. Calculate the NPV for project A and project B. Assume a cost of capital of 9 percent (Round "PV Factor" to 3 decimal places. Round the intermediate and final answers to the nearest whole dollar.) Project A Project B Net present value $ $ b-2. Which of the two projects should be chosen based on the NPV method? Project A Project B Both