Quiz navigation 1 2 3 4 5 6 Question 13 Timelet 1-5805 Not yet answered Marked out of 15.00 Flag question 7 00 9 10 11 12 FinFinFin Corporation is trying to choose between the following two mutually exclusive projects. Assume that the required return is 10% for both projects. 13 14 15 16 17 18 19 20 21 22 23 ish attempt... Year Project Jandan 0 $ -20,000.00 1 $ 3,000.00 2 $ 8,000.00 3 $ 13,000.00 4 $ 18,000.00 a. Please apply "Payback" decision criterion. If the required payback period is 3 years, then would you choose to invest? Please explain why? b. Please apply "Discounted Payback" decision criterion. If the required payback period is 3 years, then would you choose to invest? Please explain why? c. Please apply "Profitability Index" decision criterion, and state if you choose to invest? Please explain why? d. Please apply "NPV" decision criterion, and state if you choose to invest? Please explain why? Please show all your calculations to gain partial points. Click here for PV & FV Tables Click here for Formulas