You are the Chief Financial Officer at Infosys Ltd., which is considering the following two mutually exclusive projects. All amounts are in Indian Rupees. Year 70 1234 Cashflow (Project A) -50,00,000 21,00,000 18,00,000 15,00,000 10,00,000 7,50,000 Cashflow (Project B) -42,00,000 18,00,000 8,00,000 6,00,000 13,00,000 21,00,000 21-2 1-2021m 826 ? Why? 1-2023/05/21-2021mb21780-82671 5 Whichever project you choose, if any, you require a 16 percent return on your investment. a. If you apply the payback criterion, which investment will you choose? Why? [2] b. If you apply the discounted payback criterion, which investment will you choose? Why? [3] c. If you apply the NPV criterion, which investment will you choose? Why? [3] d. Based on your answers in (a) through (c), which project will you finally choose? Why? [1] 23/05/21-2021mb21780-822