TK Company wants to invest in one of two investment projects, A and B. The cost of investment project A is 20.000.000 TL. The cost of investment project B is 30.000.000 TL. Net cash flows to be provided by the projects are as follows: Year Project A Net Net Cash Flows (TL) Project B Net Cash Flows (TL) 1 5.000.000 7.000.000 2 6.000.000 8.000.000 3 7.000.000 9.000.000 4 8.000.000 24.000.000 5 9.000.000 21.000.000 Calculate the payback period of both projects? Explain which project should be preferred and why What are the shortcomings of the payback period method? What is the criterion to be taken as basis when deciding on the payback period? Is the payback period method acceptable as the main criterion for project acceptance? Why is the NPV always accepted as a primary decision criterion