Kaiser Oakland Practice expects Projects $1$ and $2$ to generate the following cash flows:

Project $1($in $000$s$)$

$$

Givens

Years

$0$

$1$

$2$

$3$

$4$

$5$

$1$

Initial investment

$$

$($$$3,800)$

$$

$$

$$

$$

$$

$2$

Net operating cash flows

$$

$$

$$500$

$$700$

$$900$

$$1,700$

$$3,000$

Project $2($in $000$s$)$

$$

Givens

Years

$0$

$1$

$2$

$3$

$4$

$5$

$1$

Initial investment

$$

$($$$6,000)$

$$

$$

$$

$$

$$

$2$

Net operating cash flows

$$

$$

$$1,800$

$$1,500$

$$1,400$

$$1,300$

$$1,000$

Determine the payback for both projects.

Determine the IRR.

Determine the NPV at a cost of capital of $12$ percent.