Numerical for Class Preparation

Q1
Consider the following 2 mutually exclusive projects
0
1
2
3
4

A
(300,000)
20,000
50,000
50,000
390,000

B
(40,000)
19,000
12,000
18,000
10,500

Assuming that your opportunity cost is 15%, which projects would you choose
a. Using the payback criterion? Why?
b. Discounted payback criterion? Why?
c. NPV criterion? Why?
d. Using the IRR criterion? Why?
e. Using the Profitability criterion? Why?
f. Based on your answers in (a) (e) above, which project will you finally choose? Why?
g. Compute the incremental IRR. What is the decision?