Cash Flow Year Cash Flow (A) -$350,000 50,000 24,000 22,000 19,500 14,600 45,000 65,000 65,000 440,000 2 4 Whichever project you choose, if any, you require a 15 percent return on your investment. a-1 What is the payback period for each project? (Round your answers to 2 decimal places. (e.g 32.16)) Payback period Project A Project B years years a-2 If you apply the payback criterion, which investment will you choose? O Project A O Project B b-1 What is the discounted payback period for each project? (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16)) Discounted payback period years years Project A Project B b-2 If you apply the discounted payback criterion, which investment will you choose? O Project A O Project B c-1 What is the NPV for each project? (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16)) NPV Project A Project B c-2 If you apply the NPV criterion, which investment will you choose? O Project A Project B d-1 What is the IRR for each project? (Round your answers to 2 decimal places. (e.g., 32.16)) IRR Project A Project B d-2 If you apply the IRR criterion, which investment will you choose? O Project A Project B e-1 What is the profitability index for each project? (Do not round intermediate calculations and round your final answers to 3 decimal places. (e.g., 32.161)) Profitability index Project A Project B e-2 If you apply the profitability index criterion, which investment will you choose? O Project A Project B f Based on your answers in (a) through (e), which project will you finally choose? O Project A O Project B