XYZ limited woud like to invest in the following two projects each requiring initial capital of $5,000,000 and will generate the following cashflows.

Project A Y1=$1,000,000

Y2=$2,000,000

Y3=3,000,000

Y4=$2,000,000

Project b Y1=$2,000,000

Y2=$1,000,000

Y3=$1,000,000

Y4=$1,500,000

Required;

Using payback period technique, determine which project the firm shoild invest in.