Consider the following two mutually exclusive projects Cash Flow Cash Flow Year 47,500 23,500 21,500 19,000 14,100 0 55,000 4 2 3 4 40,000 60,000 60,000 435,000 Whichever project you choose, if any, you require a return of 15 percent on your investment. a-1 What is the payback period for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Project A Project B years years a-2 lf you apply the payback criterion, which investment will you choose? O Project A OProjectB 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., 32.16.) Project A Project B years years