Can you pleas solve this problem?

Problem 4 (5 + 5 + 5 + 5 = 20 points) WVT is attempting to select the best of two mutually exclusive projects. The initial investment and after-tax cash inflows associated with these projects are shown in the following table. Cash flow Project W Initial investment Project V $ 390,000 $ 565,000 Cash flow year $ 110,000 $ 175,000 120,000 175,000 130,000 175,000 120,000 175,000 110,000 175,000 a. Calculate the payback period for each project (years and months). b. Calculate the net present value (NPV) of each project, assuming that the firm has a cost of capital equal to 5%. c. What's the internal rate of return (IRR) for project V (between which two rates)? d. Summarize the preferences dictated by each measure and indicate which project you would recommend. Explain why