Food & Beverages Inc is considering two projects, Project Fresh and Project Healthy. The following table shows the expected cash flows:

Year	Project Fresh	Project Healthy
0	$(220)	$(180)
1	80	70
2	100	90
3	120	110
4	140	130

The company's hurdle rate is 13%. Your tasks are:

a. Determine the payback period for each project. b. Calculate the NPV for both projects. c. Find the IRR for each project. d. Recommend which project should be undertaken. e. Discuss the potential market expansion opportunities for each project.