Cummings Products Company's cost of capital is 12% and the company is considering two mutually exclusive projects. The projects' expected cash flows are as follows:

Year		Project A		Project B
0		($300)		($405)
1		(387)		134
2		(193)		134
3		(100)		134
4		600		134
5		600		134
6		850		134
7		(180)		0

Project A's payback period is

Project B's payback period is

Project A's NPV is

Project B's NPV is

Project A's MIRR is

Project B's MIRR is

Based on MIRR, which project should we choose? (Simply type A or B.)

Based on payback period, which project should we choose? (Simply type A or B.)

Based on NPV, which project should we choose? (Simply type A or B.)

If you are the decision maker in this company, which project would you choose? (Simply type A or B.)