Consider the following two mutually exclusive projects Year Cash Flow (A) Cash Flow (B) -$422,000 45,500 60,500 77.500 537,000 -38,500 20,100 13,600 17,100 13,900 The required return on these investments is 13 percent. a. 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.) Payback period Project A Project B .44 years 2.28 years b. What is the NPV for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Net present value Project A Project B 48998 * 10312 c. 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., 32.16.) Project A Project B Internal rate of return 16.78 0% 26.85 % d. 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 1.12 1.27 e. Based on your answers in (a) through (d), which project will you finally choose? Project A