I need a detailed step by step answer, done manually, not by excel. TIA

13. Suppose you have recently joined Galaxy, Inc., and your manager has asked you to help him evaluate four mutually exclusive projects, each with an initial investment of $150,000. The company's board of directors has set a maximum 4-year payback requirement and has set its cost of capital at 9%. The cash inflows associated with the four projects are shown in the following table. YEAR 1 2 3 4 5 6 A $45.000 45.000 45,000 45,000 45.000 45.000 CASH FLOWS B C $75,000 $55,000 $60,000 $30,000 $30,000 $20,000 $30.000 $20.000 $30,000 $15.000 $30,000 $11,000 D $10.000 $20.000 $30,000 $40.000 $50,000 $60,000 Prepare a detailed report explaining which project should be accepted. While reporting you should cover the following Importance of capital budgeting Calculations in details (NPV, IRR, Pay back, Profitability Index) Pros and cons of each capital budgeting method Overall comment and recommendation (20)