Consider the following two mutually exclusive projects: Year 0 1 2 3 4 Cash Flow (A) -$ 460,000 96,000 116,000 76,000 456,000 Cash Flow (B) -$ 83,000 35,000 33,000 30,500 25,600 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 3.37 years 2.49 years a-2. If you apply the payback criterion, which investment will you choose? O 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.) Discounted Payback Period 3.95 years years Project A Project B -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.) NPV $ 13121.74 Project A Project B 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.) IRR Project A Project B d-2. If you apply the IRR criterion, which investment will you choose? O Project A O Project B --1. What is the profitability index for each project? (Do not round Intermediate calculation. Round the final answers to 3 decimal places.) Profitability Index Project A Project B --2. If you apply the profitability index criterion, which investment will you choose? O Project A O Project B f. Based on your answers in (a) through (e), which project will you finally choose? O Project A O Project B