Descriptive format:

You have the following cash flows for four projects. Project A requires ₹20,000 initially and yields ₹5,000 each year for 4 years. Project B needs ₹18,000 and returns ₹4,000, ₹5,000, ₹6,000, and ₹7,000. Project C demands ₹15,000 and generates ₹3,000, ₹4,000, ₹5,000, and ₹6,000. Project D requires ₹12,000 and produces ₹2,000, ₹3,000, ₹4,000, and ₹5,000.

Required:

1. Calculate the payback period for each project.
2. Evaluate which project meets a 3-year payback period standard.
3. Compute the NPV at a discount rate of 7%.
4. Determine the IRR for each project.

Provide a recommendation based on NPV and IRR analysis