LLoyd company is considering two small projects. The firm, which has a 12% cost of capital, has estimated its cash flows as shown in the following table:

Project A Project B Initial investment $40,000 $60,000 Year 1: 10,000 18,000 Year 2: 15,000 18,000 Year 3: 20,000 18,000 Year 4: 25,000 18,000 Year 5: 30,000 18,000

Calculate the Payback period and NPV of each project, and assess its acceptability with NPV.