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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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