Consider the following two mutually excluslve projects:

Whichever project you choose, If any, you require a return of $16$ percent on your

nvestment.

$3-1.$ What is the payback perlod for each project? $($Do not round intermediate

calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

$2-$ If you apply the payback criterlon, which Investment will you choose?

Project A

Project B

b$-$ What is the discounted payback perlod for each project? $($Do not round intermedlate

calculations and round your answers to $2$ decimal places, e$.$g$..32\mathrm{.}16.)$

b$-$ If you apply the discounted payback criterion, which investment will you choose?

Project A

Project B

$-1.$ What is the NPV for each project? $($Do not round intermedlate calculations and

round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$