The Chief Executive Officer has asked you to analyze two proposed capital investments. Project A requires an initial investment of $60,000 and Project B requires an initial investment of $100,000. The cost of capital and reinvestment rate is 6%. Expected net cash flows are as follows:

Year	A	B
1	6,500	25,000
2	13,000	25,000
3	15,000	25,000
4	18,000	25,000
5	21,000	25,000

1. Calculate the payback period, NPV, IRR, and MIRR for project A and B based upon the following information.

2. Based upon your calculations, is the project acceptable? Why or why not?

3. Which project will get priority? Why?