show calculation please

Newfoundland Distillers is considering two mutually exclusive projects Gin and Brandy The following information is provided for the two projects. The appropriate discount rate for both projects is 10%. Gin $20,000 Initial cash outlay After-tax cash flows Brandy $30,000 Year 1 Year 2 Year 3 Year 4 $11,000 $8,500 $7 500 $7,000 $9,000 $11,000 $ 16,000 Required: a) Calculate the NPV of both projects b) Calculate the payback periods of both projects. c) Calculate the profitability index (Pl) of both projects d) Which project should the firm choose using the information in (A) - (C)? Justify your answer? Under what conditions will the NPV be a better capital budgeting criterion than the P