Company ABC is considering two mutually exclusive projects:

• Project Alpha: Initial investment ₹15,000 with cash flows of ₹5,000 per year for 5 years.
• Project Beta: Initial investment ₹10,000 with cash flows of ₹3,000 per year for 5 years.

Requirements:

1. Calculate the Payback Period for each project.
2. Compute the Discounted Payback Period at a cost of capital of 14%.
3. Determine the NPV of each project at 14%.
4. Evaluate the IRR for each project.
5. Based on NPV, which project should the company undertake?