Capital Budgeting (Payback Period and NPV): Evaluate two investment projects, A and B, based on their payback periods and net present values (NPVs), with the following cash flows:

• Project A: Initial Investment = $500,000, Cash Flows = $150,000 per year for 5 years
• Project B: Initial Investment = $700,000, Cash Flows = $200,000 per year for 4 years