A company is evaluating the investment of $180,000 in either Project I or Project J with the following cash flows:

Year	Project I	Project J
1	$60,000	$15,000
2	$60,000	$35,000
3	$60,000	$55,000
4	$60,000	$120,000
5	$60,000	$45,000

The discount rate is 9%.

Required:

1. Compute for each project:
   • Simple payback period
   • Discounted payback period
   • Net present value
   • Internal rate of return
   • Profitability index