Consider the following two mutually exclusive projects -$ 350,000 50,000 24,000 22,000 19,500 14,600 45,000 65,000 65,000 440,000 2 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)) Project A Project B 3.4 years 2.21 years a-2 If you apply the payback criterion, which investment will you choose? O Project A OProject 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 3.87 years Project B 297 years Project A b-2 If you apply the discounted payback criterion, which investment will you choose? O Project A 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