Cenderawasih Properties is considering two mutually exclusive project, one with a 4-years life and the other 6-year life. The after-tax cash flows from the two projects are as follows:

Year	Project A (RM)	Project B (RM)
0	(400,000)	(400,000)
1	162,000	120,000
2	162,000	120,000
3	162,000	120,000
4	162,000	120,000
5		120,000
6		120,000

Required:

Assuming a 15% required rate of return on both projects, calculate each projects:

1. Payback period method.
2. Net present value.
3. Profitability index.
4. Which project should be accepted? Explain.