Consider the following two mutually exclusive projects: Cash Flow Cash Flow 0 348,000 1,000 47,000 24,200 67,000 22,200 67,000 19,700 4 442,000 14,800 Whichever project you choose, if any, you require a 14 percent return on your a-1What is the payback period for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Payback period Project a-2lf you apply the payback criterion, which investment will you choose? Project A Project B b- What is the discounted payback period for each project? (Do not round 1 intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Discounted payback Project Project b- If you apply the discounted payback criterion, which investment will you 2 choose? Project A Project B c-1What is the NPV for each project? Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Project