Cost of project D is $80,000. 30% is paid now and the rest is paid at the end of year 4. Inflow is $18,000 per year for 7 years.

Cost of project J is $65,000. 50% is paid now and the rest is paid at the end of year 3. Inflow is $15,000 per year end of year 2 until end of year 7

determine the payback period, NPV, and IRR of each project. State which project should be accepted and which should be rejected.