Consider the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) -$ -$ 0 1 -234 359,000 36,000 56,000 56,000 431,000 45,500 23,100 21,100 18,600 13,700 Whichever ject you choose, if any, you require a return of 14 percent on your investment. Project A Project B 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., 32.16.) Payback period years years 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., 32.16.) Project A Project B Payback period years years a- If you apply the payback criterion, which investment will you choose? 2. Project A O Project B 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 b- If you apply the discounted payback criterion, which investment will you choose? 2. Discounted payback period years years O Project A O Project B 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., 32.16.) NPV C- If you apply the NPV criterion, which investment will you choose? 2. O Project B O Project A 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.) Project A Project B IRR O Project A O Project B % % d- If you apply the IRR criterion, which investment will you choose? 2. 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 e- If you apply the profitability index criterion, which investment will you choose? 2. Project A Project B f. Based on your answers in (a) through (e), which project will you finally choose