UC Corporation is in the process of choosing the better of two equal-risk, mutually exclusive capital expenditure projects -U and C. The relevant cash flows for each project are presented below: Project U Initial Investment Php28,500 Year 1 Php10,000 2 10,000 Project C Php27,000 Php11,000 10,000 10,000 9,000 10,000 8,000 The firm's cost of capital is 14%. Required: 1. Calculate each project's Payback Period, NPV and IRR 2. Summarize your answer for each measure and indicate which project would you recommend. Explain why.