Calculate the NPV of each project.

Calculate the IRR of each project.

Botany Designs is looking to revamp its manufacturing facility and has two different options they can choose from. The initial investment for each option is $100,000. They have set a minimum payback requirement of 4 years. The cost of capital is going to be 11% for each project.

Cash Inflows for years 1-5 are:

Year	Project Speedy (S)	Project Quality (Q)
1	32000	22500
2	32000	22500
3	32000	22500
4	32000	22500
5	32000	22500