Consider the following two mutually exclusive projects: Cash Flow Year 0 1 2. 3 -$502,000 120,000 140,000 80,000 451,000 Cash Flow (B) -$ 95,000 39,000 37,000 34,500 29,600 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.) Payback Period Project A Project B 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.) Discounted Payback Period years years Project A Project B b-2. If you apply the discounted payback criterion, which investment will you choose? Project A O Project B