*** I NEED HELP WITH C1 AND D1***

Consider the following two mutually exclusive projects: Cash Flow Cash Flow Year 0 2 4 -$355,000 $ 47,500 23,500 21,500 19,000 14,100 40,000 60,000 60,000 435,000 Whichever project you choo se, if any, you require a 15 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 Project B 3.45 years 2.13 years a-2 If you apply the payback criterion, which investment will you choose? Project A 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.) Project A Project B Discounted payback period 3.95 years 2.87 years b-2 If you apply the discounted payback criterion, which investment will you choose? Project A Project B c-1 What is the NPV for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)