Consider the following two mutually exclusive projects:

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

$0$$ $359,000$$ $45,500$

$136,00023,100$

$256,00021,100$

$356,00018,600$

$4431,00013,700$

Whichever project you choose, if any, you require a return of $14$ 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 B

Project A

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 A

Project B

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