Consider the following two mutually exclusive projects:

Whichever project you choose, if any, you require a return of $14$ percent on your

nvestment.

a$-1.$ What is the payback perlod for each project? $($Do not round Intermedlate

calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

a$-$ If you apply the payback criterion, which Investment will you choose?

Project A

Project B

b$-$ What is the discounted payback perlod for each project? $($Do not round Intermedlate

calculatlons and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$.$ If you apply the discounted payback criterlon, which Investment will you choose?

Project A

Project B