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Consider the following two mutually exclusive projects:YearCash Flow (A)Cash Flow (B)0–$350,000 –$35,000 125,000 19,000 270,000 11,000 370,000 19,000 4410,000 11,000 The required return on these investments is 12 percent.Required:(a)What is the payback period for each project?(Do not round intermediatecalculations. Round your answers to 2 decimalplaces (e.g., 32.16).)Payback period Project Ayears Project Byears (b)What is the NPV for each project? (Donot round intermediate calculations. Round youranswers to 2 decimal places(e.g.,32.16).)Net present value Project A$ Project B$ (c)What is the IRR for each project? (Donot round intermediate calculations. Enter youranswer as a percentage rounded to 2 decimal places (e.g.,32.16).)Internal rate of return Project A% Project B% (d)What is the profitability index for each project?(Do not round intermediatecalculations. Round your answersto 3 decimal places (e.g., 32.161).)Profitability index Project A Project B (e)Based only on the projects' NPV and IRR, which project shouldyou finally choose?