Consider the following two mutually exclusive projects: Cash Flow Year 0 525,000 $ 132,000 152,000 82,000 463, 000 Cash Flow (B) 101,000 $ 41,000 39,000 36,500 31, 600 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 years 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. Round the final answers to 2 decimal places.) Project A Project B Discounted Payback Period years years b-2. If you apply the discounted payback criterion, which investment will you choose? Project A O Project B c-1. What is the NPV for each project? (Do not round Intermediate calculations. Round the final enswers to 2 decimal places. Omit $ sign In your response.) NPY 9 Project Project B c-2. If you apply the NPV criterion, which Investment will you choose? O Project A O Project B d-1. What is the IRR for each project? (Round the final answers to 2 decimal places.) IRR Project Project B d-2. If you apply the IRR criterion, which Investment will you choose? O Project A O 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 Project Project B --2. If you apply the profitability Index criterion, which investment will you choose? O Project A O Project B f. Based on your answers in (a) through (e), which project will you finally choose? O Project A O Project B