You are the Financial Analyst at Ace Analytics Ltd., which is considering the following two mutually exclusive projects. Cashflow (Project B) Rs. 40,000 Rs. 19,000 Rs. 12,000 Rs. 18.000 Rs. 10,500 Rs. 5,500 Year 0 1 2 3 4 5 Cashflow (Project A) - Rs. 300,000 Rs. 20,000 Rs. 50,000 Rs. 50,000 Rs. 390,000 Rs. 40,000 Whichever project you choose, if any, you require a 15 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? c. If you apply the NPV criterion, which investment will you choose? Why? [3] [3] d. Based on your answers in (a) through (c), which project will you finally choose? Why? 022766 200202024 2023 222332-82671-202 se? 1-2022032571-2