Homework 8: Chapter 9 & 10 Question 5 (of 11) value: 10.00 points Consider the following two mutually exclusive projects Cash Flow Cash Flow Year (A) (B) 351,000 49,500 44,000 23,900 64,000 21,900 64,000 19,400 14,500 439,000 Whichever project you choose, if any, you require a 14 percent return on your investment. a-1 What is the payback period for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Payback period Project A years Project B years a-2 If you apply the payback criterion, which investment will you choose? Project A O Project B b-1 What is the discounted payback period for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Discounted payback period Project A years Project B years