The fross company is looking to invest in two projects, the following is the information: Project 1 initial outlay $48m with an expected cash inflow of yr 1 - $16m, yr 2 - $20m, yr 3 - $18 m , yr 4 - $17m and year 5 $10m Project 2 initial outlay $ $50m with an expected cash inflow of yr 1 - $17m, yr 2 - $22m, year 3 - $20m , year 4 - $15m and year 5 - $16m. Interest rate 7% From the following information calculate the following: a. Payback period b. ARR c. NPV d. Profitability index e. State which project should be chosen and why