discount rate is 11%

1. Consider the following two projects. + Year 0 1 2 3 Project A (225,000) 27,500 40,000 40,000 280,000 Project B (31,000) 15,000 12,500 12,500 10,000 4 a. (5 points) What is the payback period for each project. Based on that answer, which investment would you choose? b. (5 points) What is the NPV for each project. Based on that answer, which investment would you choose? C. (5 points) What is the IRR for each project. Based on that answer, which investment would you choose? d. (3 points) Based on your answers above, which project would you choose and why