A company is considering two projects, A and B, each requiring an initial investment of $5,00,000. The cash flows from the projects over their 5-year life are as follows:

Year	Project A	Project B
1	1,20,000	1,00,000
2	1,40,000	1,20,000
3	1,60,000	1,40,000
4	1,80,000	1,60,000
5	2,00,000	1,80,000

Requirements:

1. Calculate the NPV of both projects using a discount rate of 10%.
2. Determine which project is more profitable based on NPV.
3. Compute the Payback Period for both projects.
4. Calculate the Profitability Index (PI) for each project.