Consider the following two mutually exclusive projects: 5 Year 1 2 Cash Flow (A) -$502,000 120,000 140,000 80,000 480,000 Cash Flow (B) -$ 95,000 54,000 37,000 34,500 29,600 3 4 B3:25 Whichever project you choose, if any, you require a 15% return on your investme k a-1. What is the payback period for each project? (Round the final answers to a Project A Project B Payback Period 1.07 years 1.21 years a-2. If you apply the payback criterion, which investment will you choose? O Project A Project B b-1. What is the discounted payback period for each project? (Do not round intermediate the final answers to 2 decimal places.) Discounted Payback Period years Project A Project B years 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. Round th decimal places. Omit S sign in your response.) NPV A Project A Project B $ VA c-2. If you apply the NPV criterion, which investment will you choose? c-2. If you apply the NPV criterion, which investment will you choose? O Project A O Project B d-1. What is the IRR for each project? (Round the final answers to 2 decimal places. 5 IRR Project A Project B % d-2. If you apply the IRR criterion, which investment will you choose? O Project A O Project B e-1. What is the profitability index for each project? (Do not round intermediate calcu answers to 3 decimal places.) Profitability Index Project A 13 e-1. What is the profitability index for each project? (Do not round intermediate calculation places.) Profitability Index Project A Project B e-2. If you apply the profitability index criterion, which investment will you choose? O Project A O Project B f. Based on your answers in (a) through (e), which project will you finally choose? O Project A O Project B