Project A has an initial investment of Rs$.19$ lakhs and projected cash inflows of Rs$.5,00,000$ for $5$ years. Project B has an initial investment of Rs$.33\mathrm{.}75$ lakhs and projected cash inflows of Rs$.9,00,000$ for $5$ years. Assume the discount rate to be $9$ percent throughout.

$($a$)$ Work out the Undiscounted and Discounted Pay Back Period for the two projects. If the criterion is $5$ years, which project should be considered based on Discounted PBP$?($b$)$ Work out the Net Benefit Cost Ratio for the two projects. Which project is acceptable? Why?

$4+4=8$

Do all the calculations manually.