Consider the following projects with their respective cash flows:

Year	Project V (₹)	Project W (₹)
0	-11,000	-14,000
1	3,000	4,000
2	4,000	6,000
3	5,000	8,000
4	7,000	10,000

Requirements:

1. Compute the payback period for each project.
2. Select the project if the maximum payback period is 2 years.
3. Calculate the discounted payback period with a 5% discount rate.
4. Determine which project meets a 3-year discounted payback criterion.
5. Compute the NPV for each project and decide the preferable project based on NPV.