Maxwell Software, Inc., has the following mutually exclusive projects.

Year Project A Project B

$0$$$16,000$$$19,000$

$110,00011,000$

$26,5007,500$

$32,5006,500$

a$-1.$

Calculate the payback period for each project. $($Do not round intermediate calculations and round your answers to $3$ decimal places, e$.$g$.,32\mathrm{.}161.)$

Payback period

Project A

$1\mathrm{.}923$

years

Project B

$2\mathrm{.}067$

years

a$-2.$

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

NPV

Project A $

Project B $

$220\mathrm{.}75$

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