X-treme Vitamin Company is considering two investments, both of which cost $30,000. The cash flows are as follows: Year Project A Project B 1 $32,000 $30,000 2 15,000 14,000 3 6,000 11,000 a-1. Calculate the payback period for Project A and Project B. (Round your answers to 2 decimal places.) Project A Project B Payback Period 0.94 year(s) 1.00 year(s) 3-2. Which of the two projects should be chosen based on the payback method? O Project A Projecte b-1. Calculate the net present volue for Project A and Project B. Assume a cost of capital of 8 percent (Do not round intermediate calculations and round your final answers to 2 decimal places.) b-1. Calculate the net present value for Project A and Project B. Assume a cost of capital of 8 percent. (Do not round Intermediate calculations and round your final answers to 2 decimal places.) Project A Project B Net Present Value $ 39,786.87 $ 18.914.75 b-2. Which of the two projects should be chosen based on the net present value method? O Project B Project A c. Should a firm normally have more confidence in the payback method or the net present value method? Payback method O Net present value method