Consider the following two mutually exclusive projects: 1 1 Year Cash Flow (A) Cash Flow (B) 0 $40,000 -$180,000 25,000 15,000 2 22,000 45,000 3 20,000 50,000 4 15,000 275,000 45 points 8 01:59:39 eBook The required return on these investments is 11 percent. Required: (a) What is the payback period for each project? (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) Payback period Project A years Project B years (b) What is the NPV for each project? (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g.,32.16).) Net present value Project A Project B (c) What is the IRR for each project? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).) Internal rate of return Dra A 2 1 Project A Project B Payback period years years 45 points (b) What is the NPV for each project? (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g. 32.16).) Net present value Project A Project B 01:59:19 eBook (c) What is the IRR for each project? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g. 32.16).) Internal rate of return Project A 1% Project B % (d)What is the profitability index for each project? (Do not round intermediate calculations. Round your answers to 3 decimal places (e.g. 32.161).) Profitability index Project A Project B (e)Based on your answers in (a) through (d), which project will you finally choose? (Click to select)