Consider the following two mutually exclusive projects: Cash Flow Year Cash Flow (A) (B) 0 $340,000 51,500 55,000 25,000 75,000 23,000 75,000 20,500 450,000 15,600 WN - 4 Whichever project you choose, if any, you require a return of 16 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 Project B years years a-2 If you apply the payback criterion, which investment will you choose? O 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 b-21f you apply the discounted payback criterion, which investment will you choose? Project A 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.) Project A Project B c-2 If you apply the NPV criterion, which investment will you choose? Project A c-2 If you apply the NPV criterion, which investment will you choose? Project A O Project B d-1 What is the IRR for each project? (Do not round Intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Project A Project B % % d-21f you apply the IRR criterion, which investment will you choose? Project A Proiect B 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-2If you apply the profitability index criterion, which investment will you choose? Project B Project A f. Based on your answers in (a) through (e), which project will you finally choose