Consider the following mutually exclusive projects:

Project	C0 (₹)	C1 (₹)	C2 (₹)	C3 (₹)	C4 (₹)
E	-8,000	2,000	2,500	3,000	5,000
F	-9,500	3,000	3,500	2,500	6,000
G	-7,000	1,500	2,000	3,000	7,500
H	-10,000	4,000	4,500	5,000	8,000

Requirements:

1. Calculate the payback period for each project.
2. If the standard payback period is 3 years, which project will you select?
3. Compute the discounted payback period for each project if the cost of capital is 8%.
4. Which projects will you recommend if the standard discounted payback period is 3 years?
5. Compute NPV of each project. Which project will you recommend based on the NPV criterion?