Consider the following two mutually exclusive projects: Year @ 1 2 Cash Flow (A) -$480, eee 188,888 128, eee 78,000 468,000 Cash Flow (B) -$ 89,000 37,eee 35,800 32,500 27,600 4 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.) Project A Project B Payback Period years years a-2. If you apply the payback criterion, which investment will you choose? Project A O 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 Project A years Project B years b-2. If 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 internediate calculations. Round the final answers to 2 decimal places. Omits sign in your response.) NPV $ Project A Project 6 $ unstment will chance? c-2. If you apply the NPV criterion, which investment will you choose? Project A O 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 Project B decimal e-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 e-2. If you apply the profitability Index criterion, which investment will you choose? O Project A Project B f. Based on your answers in (a) through (e), which project will you finally choose? Project A Project B