II$.$ ABC Industries is considering two investment projects, Project A and Project B$.$ Both projects require an initial investment, and their cash flows are projected for the next $10$ years.

Here are the cash flow projections for each project:

Investment $1$

$2$

$3$

$4$

$5$

$6$

$7$

$8$

$9$

$10$

Project A

$50000$

$5000$

$5000$

$5000$

$5000$

$5000$

$5000$

$5000$

$5000$

$5000$

$5000$

Project B

$600000$

$7000$

$8000$

$9000$

$9000$

$10000$

$10000$

$11000$

$11000$

$12000$

Calculate the payback period for each project and determine which project ABC Industries should choose based on the payback period criterion