Consider the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) 0 -$ 419,000 -$ 37,000 1 47,000 19,800 2 59,000 13,900 3 76,000 15,600 4 534,000 12,400 The required return on these investments is 11 percent. a. What is the payback period for each project? Note: 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? Note: 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? Note: 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? Note: 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? a. Project A 3.44 years Project B 2.21 years b. Project A $ 78,560.95 Project B $ 11,694.24 c. Project A 16.57 % Project B d. Project A 25.71 % 1.187 Project B 1.316 e. Project A