Problem 9-17 Comparing Investment Criteria (LO1,2,3,5,7) Consider the following two mutually exclusive projects: Whichever 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.) a-2. If you apply the payback criterion, which investment will you choose? Project A Project B b-1. What is the discounted payback period for each project? (Do not round intermediate calculations. Round the final answers to 2 decimal ploces.) b-2. If you apply the discounted payback criterion, which investment will you choose? Project A Project B c-1. What is the NPV for each project? (Do not round intermediate calculations. Round the final answers to 2 decimal places. Omit 3 sign in your response.) c-2. If you apply the NPV criterion, which investment will you choose? Project A c-2. If you apply the NPV criterion, which investment will you choose? Project A Project B d-1. What is the IRR for each project? (Round the final answers to 2 decimal ploces.) d-2. If you apply the IRR criterion, which investment will you choose? Project A Project B e-1. What is the profitability index for each project? (Do not round intermediate calculation. Round the fina ploces.) d-2. If you apply the IRR criterion, which investment will you choose? Project A Project B e-1. What is the profitability index for each project? (Do not round intermediate calculotion. Round the final answers to ploces.) e-2. If you apply the profitability index criterion, which imvestment will you choose? Project A Project B f. Based on your answers in (a) through (e), which project will you finally choose? Project A Project B