2. You are considering two independent projects, project A and project B. The initial cash outlay associated with project A is $50,000, and the initial cash outlay associated with project B is $70,000. The required rate of return on both projects is 12 percent. The expected annual free cash inflows from each project are as follows: PROJECT A PROJECT B Initial outlay -$50,000 - $75,000 Inflow year 113,000 14,000 Inflow year 213,00014,000 Inflow year 313,00014,000 Inflow year 413,00014,000 Inflow year 513,00014,000 Inflow year 613,00014,000 Calculate the Payback period, NPV, PI, and IRR for each project and indicate if the project should be accepted and why