Problem $9-17$ Comparing Investment Criteria $($LO$1,2,3,5,7)$Consider the following two mutually exclusive projects:Year$01234$Cash Flow$($A$)-5350,00045,00065,00065,000440,000$Cash Flow$($R$)-$$ $50,00024,00022,00019,50014,600$KresWhichever project you choose, if any, you require a $15\%$ return on your investment.a$-1.$ What is the payback period for each project? $($Round the final answers to $2$ decimal places.$)$Payback PeriodProject AProject Byearsyearsa$-2.$ If you apply the payback criterion, which investment will you choose?O Project AO Project Bb$-1.$ What is the discounted payback period for each project? $($Do not round intermediate calculations. Round the final answers to $2$ decimal places.$)<$ Prev$6$ of $6$Next