Capital Budget: ABC company is studying two projects; A and B. The company has a budget of $1,000,000. The expected cash flow for each project are as follow: Periods Year 1 Year 2 Year 3 Year 4 Year 5 Total flows 1,500,000 A B 300,000 500,000 300,000 400,000 300,000 300,000 300,000 250,000 300,000 50,000 expected cash 1,500,000 The WACC of this company is 9%. Required: Which of these two projects is better for the company based on the payback period, NPV, and IRR