Note: You must show the steps you followed to get the answer. 1) (Comparing Capital Budgeting Techniques) Consider the following two mutually exclusive projects: Year 0 1 2 3 4 Cash Flow (A) -$344,000 51,000 71,000 71,000 446,000 Cash Flow (B) -$49,000 24,600 22,600 20,100 15,200 Whichever project you choose, if any, you require a return of 15 percent on your investment. a. What is the payback period for each project? b. If you apply the payback criterion, which investment will you choose? c. What is the NPV for each project? d. If you apply the NPV criterion, which investment will you choose? e. What is the IRR for each project? f. If you apply the IRR criterion, which investment will you choose? g. Based on your answers in (a) through (f), which project will you finally choose