Need handwritten step wise answers please

1. ABC, Company has two investment proposals, which have the following characteristics: PROJECT A PROFIT PROJECT B PROFIT NET CASH FLOW NET CASH FLOW PERIOD COST AFTER TAXES COST AFTER TAXES 0 $10000 $13000 $1,000 $5,000 $1,000 $5,000 2 1,000 4,000 1,000 5,000 3 1,000 3,000 4,000 8,000 For each project, compute its payback period, its net present value, and its profitability index using a discount rate of 20 percent. 2. In Problem 1, what criticisms may be offered against the payback method