Consider the following two mutually exclusive projects:

Year Cash Flow $($A$)$ Cash Flow $($B$)$

$0$$ $340,000$$ $51,500$

$155,00025,000$

$275,00023,000$

$375,00020,500$

$4450,00015,600$

Whichever project you choose, if any, you require a return of $16$ percent on your investment.

a$-1.$

What is the payback period for each project? $($Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

a$-2.$ If you apply the payback criterion, which investment will you choose?

multiple choice $1$

Project A

Project B

b$-1.$

What is the discounted payback period for each project? $($Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$-2.$ If you apply the discounted payback criterion, which investment will you choose?

multiple choice $2$

Project A

Project B

c$-1.$

What is the NPV for each project? $($Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

c$-2.$ If you apply the NPV criterion, which investment will you choose?

multiple choice $3$

Project A

Project B

d$-1.$

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$.,32\mathrm{.}16.)$

d$-2.$ If you apply the IRR criterion, which investment will you choose?

multiple choice $4$

Project A

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$.,32\mathrm{.}161.)$

e$-2.$ If you apply the profitability index criterion, which investment will you choose?

multiple choice $5$

Project B

Project A

f$.$ Based on your answers in $($a$)$ through $($e$),$ which project will you finally choose?