MNO Company is evaluating two projects, Project G and Project H. The initial investment for both projects is $350,000, and the company's cost of capital is 11%. The expected net cash flows are:

Net Cash Flows (in $):

Year	Project G	Project H
0	(350,000)	(350,000)
1	100,000	90,000
2	110,000	100,000
3	120,000	110,000
4	130,000	120,000
5	140,000	130,000

Requirements:

1. Calculate the payback period for each project.
2. Determine the NPV for both projects.
3. Compute the IRR for each project.
4. Assess the profitability index of each project.
5. Decide which project should be accepted if only one can be undertaken.