Consider the following two mutually exclusive projects. The initial cash outflow together with annual cash flows for years 1 to 3 are as follows: YEAR 0 1 2 3 (A) -$100,000 30,000 60,000 40,000 (B) -$60,000 30,000 30,000 30,000 You require a 12% return on your investment. Discount factors for 12% are as follows: Year Factor 1 0.8929 2 0.7972 3 0.7118 Required: a. If you apply the discounted payback criterion, which investment will you choose? Why? b. If you apply the NPV criterion, which investment will you choose? Why? c. If you apply the profitability index criterion, which investment will you choose? Why