Problem 8-15 Comparing Investment Criteria (LO 1, 3, 4, 6] Consider the following two mutually exclusive projects: Year ONM Cash Flow (A) Cash Flow (B) -$427,000 -$41,000 43,000 20,600 63.000 13,100 80,000 19,600 542,000 16,400 The required return on these investments is 13 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 3.45 years years (b) What is the NPV for each project? (Do not round intermediate calculations. Round