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Consider the following two mutually exclusive projects: Year 0 1 2 3 4 Cash Flow (A) -$410,000 66,000 86,000 71,000 446,000 Cash Flow (B) -$

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Consider the following two mutually exclusive projects: Year 0 1 2 3 4 Cash Flow (A) -$410,000 66,000 86,000 71,000 446,000 Cash Flow (B) -$ 68,000 30,000 28,000 25,500 20,600 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? Project A Project B

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