What is a-1 and b-1?

Consider the following two mutually exclusive projects: Cash Flow Year Cash Flow (A) -$358,000 37,000 57,000 57,000 432,000 46,000 23,200 21,200 18,700 13,800 2 4 Whichever project you choo se, if any, you require a 15 percent return on your investment. a-1 What is the payback period for each project? (Round your answers to 2 decimal places. (e.g., 32.16)) Payback period Project A Project B years years a-2 If you apply the payback criterion, which investment will you choose? O Project A Project B b-1 What is the discounted payback period for each project? (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16)) Project A Project B Discounted payback period years years