Q$1$

You are considering making an investment in one of two projects, $A$ or $B.$ The cash flows for each project are listed in the table below. Assuming the correct discount rate for each project is $8\%,$ calculate the payback period, NPV$,$ PI$,$ and IRR. If the projects are mutually exclusive $($you can only pick one$),$ which should be accepted? $(20$ points total$)$

$\backslash$table$[[$Year$,$Project A$,$Project B$],[0,$$$,(88,000\mathrm{.}00),$$$,(96,000\mathrm{.}00)$