Please answer the following question correctly. Don't answer the question if you don't know the answer.

QUESTION:

Mrs Aisha is a successful business woman and she invests in the projects that have early paybacks and generate high NPV. Her manager has recently proposed her two projects for the investment. The details of the both the projects are given below.

(discount rate = 10%)

Write answer of part A .

years	Cash flow - 1	Cash flow 2
0	(15000)	(16000)
1	5000	2000
2	4500	3400
3	6000	8000
4	2000	7000

Calculate

(A) Payback for the first project