ABC Company is considering two projects, Project A and Project B, which require investments of 100,000 and 150,000, respectively. The company expects cash inflows of 30,000 per year from Project A and 45,000 per year from Project B for the next five years. The company's cost of capital is 10%. Using this information,

answer the following questions:

1. What is the payback period for each project?

2. What is the net present value (NPV) of each project?

3. What is the internal rate of return (IRR) for each project?

4. Based on the results of your analysis, which project should the company choose?