Consider the following cash flows of two mutually exclusive projects for AZ-Motorcars.

YEAR	AZM MINI-SUV	AZF FULL-SUV
0	$214,952	$33,404
1	26,100	12,306
2	53,000	13,803
3	59,000	12,444
4	422,000	11,639

Whichever project you choose, if any, you require a 15 percent return on your investment.

Required:

a.	The payback period for Projects A and B is ____ and ____ years, respectively. (Round your answers to 2 decimal places. (e.g., 32.16))

b.	The NPV for Projects A and B is $ ____ and $____ , respectively. (Do not include the dollar sign ($). Round your answers to 2 decimal places, (e.g., 32.16))

c.	The IRR for Projects A and B is ____ percent and ____ percent ,respectively. (Do not include the percent sign (%). Round your answers to 2 decimal places. (e.g., 32.16))

d.

Based on your answers in (a) through (e), you will finally choose Project

AZM MINI-SUV

AZF FULL-SUV