JKL Ltd. is considering two mutually exclusive projects, Project U and Project V. Both projects have an initial cost of $220,000, and the company's discount rate is 9%. The expected net cash flows are provided below:

Net Cash Flows (in $):

Year	Project U	Project V
0	(220,000)	(220,000)
1	80,000	70,000
2	90,000	80,000
3	100,000	90,000
4	110,000	100,000

Requirements:

1. Compute the payback period for each project.
2. Calculate the NPV for both projects.
3. Determine the IRR for each project.
4. Discuss which project is more viable if they are mutually exclusive.
5. Analyze the impact on the company's cash flow.