Question 2 Consider the following two mutual exclusive projects Cash flow A -600,000 170,000 180,000 205,000 270,000 Cash flowB Year 600,000 220,000 390,000 220,000 350,000 4 whichever project you choose if any, would require a 6% return on your investment a) If you apply the playback criteria, which project will you choose? Why? b) If you apply the NPV payback criteria, which project will you choose? Why? c) If you apply the IRR payback criteria, which project will you choose? Why? d) If you apply the Profitability payback criteria, which project will you choose? Why Based on your answers in (a) through (d) which project will you finally choose? Why