Consider the Following Two Mutually Exclusive Projects Whichever Project You Choose,if Any,you Require a Rate of Return

Consider the following two mutually exclusive projects: $$\begin{array} { | r | r | r | } \hline \underline { \text { Year } } & \underline { \text { Cash Flow } } & \underline { \text { Cash } } \\& \underline { ( A ) } & \underline { \text { Flow } ( B ) } \\\hline0 &-\$54,000&-\$23,000\\\hline 1 & 12,700 & 11,600 \\\hline 2 & 23,200 & 11,200 \\\hline 3 & 27,600 & 12,500 \\\hline 4 & 46,500 & 6,000 \\\hline\end{array}$$ Whichever project you choose,if any,you require a rate of return of 14 percent on your investment.If you apply the payback criterion,you will choose Project ______; if you apply the NPV criterion,you will choose Project ______; if you apply the IRR criterion,you will choose Project _____; if you choose the profitability index criterion,you will choose Project ___.Based on your first four answers,which project will you finally choose?

A) A; B; A; A; B
B) A; A; B; B; A
C) A; A; B; B; B
D) B; A; B; A; A
E) B; A; B; B; A