Zeta Inc. has two investment opportunities with the following data:

Period	Project K Cost	Project K Net Cash Flow	Project L Cost	Project L Net Cash Flow
0	6,000	-	9,000	-
1	3,000	3,500	4,500	5,000
2	3,000	3,500	2,000	5,000
3	2,000	4,000	2,000	6,000

Calculate the payback period, net present value, and profitability index for each project using a discount rate of 16%.