The following data is relating to two projects out of which only one project can be undertaken. Description Initial Investment Year 1 Profit Year 2 profit Year 3 profit Year 4 profit Estimated resale value at the end of the year 4 Project A 50,000 30,000 22,000 10,000 11,000 10,000 Following additional information is also available to you. Project B 50,000 10,000 10,000 36,000 35,000 10,000 Profit of each year has been calculated after deducting the depreciation under the straight line basis. The cost of capital is 10% You are required to; i) Calculate payback period and Net Present Value (NPV) for each project. ii) State which project do you recommend to undertake after assessing under above two methods