Consider the following two mutually exclusive projects: Year 0 1 2 3 4 Cash Flow (A) -$ 342,000 53,000 73,000 73,000 448,000 Cash Flow (B) -$ 50,500 24,800 22,800 20,300 15,400 Whichever project you choose, if any, you require a 14 percent return on your investment. a-1 What is the payback period for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) 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 b-1 What is the discounted payback period for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32. 16.) Discounted payback period years Project A Project B years 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 and round your answers to 2 decimal places, e.g., 32.16.)