Problem 9-17 Comparing Investment Criteria [LO1, 2, 3, 5, 7] Consider the following two mutually exclusive projects: Cash Flow Year Cash Flow (A) (B) 0 $348,000 51,000 1 47,000 24,200 2 67,000 22,200 3 67,000 19,700 4 442,000 14,800 Whichever project you choose, if any, you require a return of 14 percent on your investment. e-1 What is the profitability index for each project? (Do not round intermediate calculations and round your answers to 3 decimal places, e.g., 32.161.) Project A Project B e-2If you apply the profitability index criterion, which investment will you choose? Project A O Project B f. Based on your answers in (a) through (e), which project will you finally choose