Problem 5.16 Comparing Investment Criterla Consider the following cash flows of two mutually excluslve projects for AZ-Motorcars. Assume the discount rate for both projects is 12 percent. a. What is the payback perlod for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. What is the NPV for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) c. What is the IRR for each project? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g.. 32.16.)