Question 1 A company has two projects to choose from with the following annual after-tax cash flows: Project A Year 0 $700,000 Year 1 $400,000 Years 2-8 $600,000 Project B Year 0 $1,600,000 Years 1-8 $750,000 The firm's cost of capital is 15 percent. Compute both projects' payback period and discounted payback period. (4 marks)