Consider the following two mutually exclusive projects: Cash Flow Year 0 Cash Flow (B) 53,000 26,000 23,000 20,500 15, 600 $360,000 46,000 66,000 66,000 441,000 1 2 3 4 Whichever project you choose, if any, you require a 15% return on your investment a-1. What is the payback period for each project? (Round the final answers to 2 decimal places.) Project A Project B Payback Period 3. 41 years 2.24 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. Round the final answers to 2 decimal places.) Discounted Payback Period 3.90 years Project A Project B 3.04 years b-2. If you apply the discounted payback criterion, which investment will you choose? Project A Project B C-1. What is the NPV for each project? (Do not round intermediate calculations. Round the final answers to 2 decimal places. Omit $ sign in your response.) NPV $ 25444. 73 Project A Project B $ 8528. 87 c-2. If you apply the NPV criterion, which investment will you choose? Project A Project B d-1. What is the IRR for each project? (Round the final answers to 2 decimal places.) IRR 17.40 Project A % Project B 23. 40 d-2. If you apply the IRR criterion, which investment will you choose? Project A Project B e-1. What is the profitability index for each project? (Do not round intermediate calculation. Round the final answers to 3 decimal places.) Profitability Index 1.07 Project A Project B 1.16