Problem 8-15 Comparing Investment Criteria [LO 1, 3, 4, 6) Consider the following two mutually exclusive projects: Year 0 1 Cash Flow (A) Cash Flow (B) $416,000 -$35,500 48,500 19,500 57,500 14,200 74,500 14,100 531,000 10.900 The required return on these investments is 12 percent. Required: (a) What is the payback period for each project? (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) Project A Project B Payback period I years years (b) What is the NPV for each project? (Do not round Intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) Net present value Project A Project B (c) What is the IRR for each project? (Do not round Intermediate calculations. Enter your answers as a percentage rounded to 2 decimal places (e.g., 32.16).) Internal rate of return ces Project A Project B (d) What is the profitability index for each project? (Do not round intermediate calculations. Round your answers to 3 decimal places (e.g., 32.161).) Profitability index Project A Project B (e)Based on your answers in (a) through (d), which project will you finally choose? Click to select)