RST Ltd is evaluating three independent projects: M, N, and O. Each project requires a different initial investment and has different cash flows over 5 years. The discount rate is 11%. The details are:

Year	Project M	Project N	Project O
0	($35,000)	($40,000)	($25,000)
1	$8,000	$12,000	$7,000
2	$9,000	$10,000	$8,000
3	$10,000	$9,000	$9,000
4	$11,000	$8,000	$10,000
5	$12,000	$11,000	$11,000

Requirements:

1. Calculate the NPV for each project.
2. Determine the IRR for each project.
3. Compute the Payback Period for each project.
4. Calculate the PI for each project.
5. Decide which project(s) should be undertaken.