Consider the following two mutually exclusive projects Cash Flow Cash Flow Year (A) (B) 357,000 46,500 23,300 38,000 58,000 21,300 58,000 18,800 13,900 433,000 Whichever project you choose, if any, you require a 14 percent return 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.) Payback period Project A years Project B years a-2 If you apply the payback criterion, which investment will you choose? o 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., 32.16.) Discounted payback period Project A years 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 and round your answers to 2 decimal places, e.g., 32.16.) NPV Project A Project B