Consider the following two mutually exclusive projects: Year 0 -NM Cash Flow (A) Cash Flow (B) $422,000 -$38,500 45,500 20,100 60,500 13,600 77,500 17,100 537,000 13,900 The required return on these investments is 13 percent. a. 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.) b. What is the NPV for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) c. What is the IRR for each project? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) d. 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.) e. Based on your answers in (a) through (d), which project will you finally choose? years years Project A Project B Project A Project B c. Project A Project B Project A Project B