Consider the following two mutually exclusive projects:

YearCash Flow (A)Cash Flow (B)0$ 423,000$ 39,000145,00020,200261,00013,500378,00017,6004538,00014,400

The required return on these investments is 14 percent.

What is the payback period for each project?

Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.

What is the NPV for each project?

Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.

What is the IRR for each project?

Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.

What is the profitability index for each project?

Note: Do not round intermediate calculations and round your answers to 3 decimal places, e.g., 32.161.

Based on your answers in (a) through (d), which project will you finally choose?