• TQR Corporation is considering two mutually exclusive projects. The company's cost of capital is 10% and the tax rate is 35%. Information for both projects is as follows:

Particulars	Project A	Project B
Cost of project	10,00,000	12,50,000
Expected life	6 years	6 years
Annual Income (before Tax & Depreciation)	2,50,000	3,00,000

• Depreciation is charged on a straight-line basis. You are required to calculate: a. Discounted payback period b. NPV c. Profitability index