1. Consider the following two mutually exclusive projects:

   Year	Cash Flow(A)	Cash Flow(B)
   0	-52000	-50000
   1	45000	25000
   2	50000	40000
   3	65000	19500

   Whichever project you choose, if any, you require a 12 percent return on your investment.

   • Use payback period criterion and make a choice. Payback period for project A ______ ; Payback period for project B ________
   • Using discounted payback period criterion, make a choice. Discounted payback period for project A______ ; Discounted payback period for project B _______
   • What is the choice when you use NPV? NPV for project A _____ , NPV for project B ______
   • How about IRR? IRR for project A ______ , IRR for project B _____
   • PI? PI for project A _____ , PI for project B ______
   • Final decision Overall which project will you choose _______

please show calculations