Consider the following two mutually exclusive projects: Cash Flow Cash Flow Year (A) (B) 0 $360,000 $45,000 1234 35,000 23,000 55,000 21,000 55,000 18,500 430,000 13,600 Whichever project you choose, if any, you require a return of 14 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 If you apply the payback criterion, which investment will you choose? Project A 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., 32.16.) Project A Project B years years e-1 What is the profitability Index for each project? (Do not round intermediate calculations and round your answers to 3 decimal places, e.g., 32.161.) Project A Project B e-2 If you apply the profitability Index criterion, which Investment will you choose? O Project A Project B f. Based on your answers In (a) through (e), which project will you finally choose?