Tiger Corporation is considering a two long-term capital investment proposal. Each investment as a useful life of 4 years. Relevant data on each project are as follows Project A Protect B Capital Investment $ 40,000 $50,000 Annual net income: Year 1 $20,000 $25,000 Year 2 12,000 15,000 Year 3 11,000 20,000 Year 4 8,000 6,000 Total $51,000 $66,000 Depreciation is computed by the straight-line method with no salvage value. The company's cost of capital is 5%. Instructions Compute the cash payback period for each project. Compute the net present value for each project. Compute the annual rate of return for each project. Compute the profitability index for each project. Which project if any do you recommend and why