PQR Ltd is evaluating two investment projects, Project A and Project B. The initial investment and cash inflows are as follows:

Year	Project A ($)	Project B ($)
0	(500,000)	(600,000)
1	120,000	140,000
2	140,000	160,000
3	160,000	180,000
4	180,000	200,000
5	200,000	220,000

The company's cost of capital is 11%.

Required: a. Calculate the Net Present Value (NPV) for each project. b. Determine the Internal Rate of Return (IRR) for each project. c. Calculate the payback period for each project. d. Recommend which project should be accepted based on NPV, IRR, and payback period.