Consider the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) -$ -$ 0 354,000 48,000 1234 41,000 23,600 61,000 21,600 61,000 19,100 14,200 436,000 Whichever project you choose, if any, you require a return of 14 percent on investment. O Project B d- What is the IRR for each project? (Do not round intermediate calculations and enter 1. your answers as a percent rounded to 2 decimal places, e.g., 32.16.) IRR Project A Project B % % 62 2. If you apply the IRR criterion, which investment will you choose? 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 Profitability index If you apply the profitability index criterion, which investment will you choose?