The following information pertains to two mutually exclusive projects G and H. Project G requires an initial investment of $30,000, and Project H requires an initial investment of $28,000.

Year	Project G	Project H
1	$10,000	$8,000
2	$12,000	$9,000
3	$14,000	$11,000
4	$16,000	$13,000

(a) Calculate the NPV for each project using a discount rate of 8%.

(b) State your accept/reject decision.

(c) What would be your accept/reject decision if they were independent projects?

(d) Calculate the IRR for each project.

(e) Determine which project to undertake if the company can only choose one.