Janina, Incorporated, has the following mutually exclusive projects.

a$-1.$ Calculate the payback period for each project. $($Do not round intermediate

calculations and round your answers to $3$ decimal places, e$.$g$.,32\mathrm{.}161.)$

a$-2.$ If the company's payback period is two years, which, if either, of these projects

should be chosen?

Project A

Project B

Both projects

Neither project

b$-1.$ What is the NPV for each project if the appropriate discount rate is $16$ percent? $($A

negative answer should be indicated by a minus sign. Do not round intermediate

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

Project A

Project B