Consider the following two mutually exclusive projects. YEAR 0 1 CASH FLOW (A) -160,000 14,000 35,000 40,000 185,000 CASH FLOW (B) -22,000 8,000 12,000 17,000 17,000 2 3 4 The required return on these investments is 8 percent. Required: (a) What is the payback period for each project? (b) What is the NPV for each project? (c) What is the IRR for each project? (d) What is the profitability index for each project? (e) Based on your answers in (A) through (d), which project will you finally choose