Problem 9-17 Comparing Investment Criteria [LO1, 2, 3, 5, 7] Consider the following two mutually exclusive projects: Cash Flow Cash Flow Year (A) (B) 5343,000 $50,000 52,000 24,700 72,000 22,700 72,000 20,200 447,000 15,300 1 2 3 4 Whichever project you choose, if any, you require a return of 16 percent on your investment a-1 What is the payback period for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) years Project A Project B years a-2 if you apply the payback criterion, which investment will you choose? O Project A O Project B b-1 What is the discounted payback period for each project? (Do not round intermediate = = = = * 40