Janina, Incorporated, has the following mutually exclusive projects.

Year Project A Project B

$0$$ $34,000$$ $37,000$

$119,00020,000$

$215,50014,000$

$34,30015,500$

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?

multiple choice $1$

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$.,32\mathrm{.}16.)$

b$-2.$

Which, if either, of these projects should be chosen if the appropriate discount rate is $16$ percent?

multiple choice $2$

Project A

Project B

Both projects

Neither project