Consider the following two mutually exclusive projects:

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.$)$

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.$)$

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.$)$

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.$)$

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.$)$

e$-2.$ If you apply the profitability index criterion, which investment will you choose?

Project A

Project B

f$.$ Based on your answers in $($a$)$ through $($e$),$ which project will you finally choose?

Project A

Project B