A company has $150,000 to be invested in Project C or Project D. The expected cash flows are as follows:

Year	Project C	Project D
1	$50,000	$30,000
2	$50,000	$40,000
3	$50,000	$60,000
4	$50,000	$70,000
5	$50,000	$80,000

The cost of capital is 8%.

Required:

1. Calculate for each project:
   • Simple payback period
   • Discounted payback period
   • Net present value
   • Internal rate of return
   • Profitability index
2. Recommend which project to undertake based on your calculations.