Given the following cash flows for Project Q and Project R, decide which project is more viable:

Year	Project Q	Project R
1	$70,000	$20,000
2	$70,000	$40,000
3	$70,000	$80,000
4	$70,000	$130,000
5	$70,000	$25,000

The discount rate is 7%.

Required:

• Determine for each project:

• Simple payback period
• Discounted payback period
• Net present value
• Internal rate of return
• Profitability index

Recommend which project to invest in based on the calculations.