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Project Initial Investment ($) Cash Flows Year 1 ($) Cash Flows Year 2 ($) Project A 1,200,000 400,000 500,000 Project B 1,300,000 450,000 550,000 Compute
Project | Initial Investment ($) | Cash Flows Year 1 ($) | Cash Flows Year 2 ($) |
Project A | 1,200,000 | 400,000 | 500,000 |
Project B | 1,300,000 | 450,000 | 550,000 |
Compute the payback period and net present value (NPV) for each project.
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