Company K is considering two mutually exclusive projects. The cash flows of the project are: Project A is as follows: Initial Outlay -$1,700,000, Year 1 $400,000, Year 2 $400,000, Year 3 $400,000, Year 4 $400,000, Year 5 $400,000, Year 6 $400,000, and Year 7 $400,000. Project B is as follows: Initial Outlay -$1,700,000 and Year 7 $4,250,000. a. Compute the payback period for each project. b. Compute the NPV for each project, assuming a 13% required rate of return. c. Compute the Profitability Index for each Project. d. Fully explain your logic, how would you decide between these two projects and which would you recommend? Show calculations for a-c.