Chapter 9 Consider the following two mutually exclusive projects Flow Cash Year $ 345,000 48,500 50,000 24,500 22,500 70,000 20,000 15,100 70,000 445,000 Whichever project you choose, f any, you require a 14 percent returm on your investment a-1 What is the payback period for each project? (Do not round intermediate caloulations and round your answers to 2 decimal places,.g.32.16.) Project A Project B a2 If you apply the payback orterion, which investment will you choose? Project A bl What-the-arted payback pered treach poor?Do not round -ermed ate calculations and round your wers to 2 decimal places. 3216) Discounted payback peniod Project A Project B b-a if you apply the discounted payback enterion, which nvestment will you choose? Project B e-1 hat a the NPV for each projecr? iDe net round intermediate caleulations and round your Project A 3 5 VW