Consider the following two mutually exclusive projects: Year 0 Cash Flow (A) 351,000 44,000 64,000 64,000 439,000 Cash Flow (B) $49,500 23,900 21,900 19,400 14,500 1 2 3 4 Whichever project you choose, if any, you require a return of 14 percent 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 3.85 years 2.89 years a-2 If you apply the payback criterion, which investment will you choose? Project A O Proiect 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.) Project A Project B years years b-2If you apply the discounted payback criterion, which investment will you choose? Project A O 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.) $ Project A Project B 39,964.00 9,996.00 $ 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? (Do not round Intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Project A Project B 17.76 % 24.39% 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 calculations and round your answers to 3 decimal places, e.g., 32.161.) Project A Project B e-2If 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 B