Problem 9-17 Comparing Investment Criteria (L01, 2. 3.5.7] Consider the following two mutunity exclusive project: Year Cash Flow Cash Flow A 0 $357,000 $46.500 1 38,000 23.300 2 58.000 21.300 3 58,000 18.800 433,000 13.900 Whichever project you choose, any, you require a 14 percent et ce your investment -1 What is the payback period for each project? Do not found intermediate calculations and round your answers to decimal places. e. 92.16.) Payback period Project A 3.30 years Project B 2.54 years 2-2 you apply the payback criterion, which investment will you choose? Project Project B B-1 What is the discounted payback period for each project? Do not found intermediate calculations and round your answers to 2 decimal places, c.2.16) Discounted payback period Project A 3.39 years Projecte 2.54 years 1-2 st you apply the discounted payback erterion, which mestment will you choose? Project A Project -- What is the NPV for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, eg 32.16) NPV Project A $ 14457 Project 98663 c.2 If you apply the NPV crtation, which investment will you choose? Project Project B d. What is the IRR for each project? Do not round Intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, eg 32.16.) RR 15.53 % Project A Project B 26.43 % d-2 you apply the IRR cretion, which investment will you choose