Consider the following two mutually exclusive projects Cash Flow Cash Flow Year 0 $359,000 $45,500 36,000 23,100 21,100 56,000 18,600 431,000 13,700 2 56,000 Whichever project you choose, if any, you require a return of 14 percent on your investment o-1 What is the payback period for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g, 3216.) Project A Project B years years a-2lf you apply the payback criterion, which investment will you choose? Project A O Project B b-1 What is the discounted payback period for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 3216.) Project A Project B years years