The followings are cash flows of two mutually exclusive projects; Projects I and II.

Year	Project I	Project II
0	-200,000	-100,000
1	50,000	40,000
2	100,000	90,000
3	150,000	30,000
4	40,000	60,000

The cost of capital for the company is the same as what you have estimated in the previous question (use a round number, round up to the closest integer). Which project should the company select and why based on the following criteria

Payback period (The critical payback period is 2.5 years)

Net present value

Internal rate of return

Profitability index