Consider the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) 0 -$ 353,000 -$ 48,500 1 42,000 23,700 234 62,000 21,700 62,000 19,200 14,300 4 437,000 Whichever project you choose, if any, you require a return of 16 percent on your nvestment. -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 If you apply the payback criterion, which Investment will you choose? Project A Project B - What Is the discounted payback period for each project? (Do not round Intermediate 1. calculations and round your answers to 2 decimal places, e.g., 32.16.) Project A Project B Discounted payback period years years