Fitch Industries is in the process of choosing the better of two equal-risk, and mutually exclusive capital expenditure projects, H and N. The relevant cash flows for each project are shown in the following table. The firm's cost of capital is 14%. 1.1 Calculate each project's payback period 1.2 Calculate the NPV for each project 1.3 Calculate the IRR for each project 1.4 Summarize the preferences dictated by each measure you calculated, and indicate which project you would recommend. Explain why