The following net cash flows are projected for two separate projects. Your required rate of return is 12%,

Year Project A Project B

0 (160,000) ($430,000)

1 $30,000 $100,000

2 $30,000 $100,000

3 $30,000 $100,000

4 $30,000 $100,000

5 $30,000 $100,000

6 $30,000 $100,000

a) Calculate payback period for each project

b) Calculate the NPV for each project

C) Calculate IRR for each project

d) Which projects would you choose and why

Please show your working out for each question