MNO Ltd. is considering two different projects. Both require an initial cash outlay of ₹35,000 and have a life of 5 years. The company's required rate of return is 14%. The projects will be depreciated on a straight-line basis. The net cash flows expected to be generated by the projects and the present value (PV) factor (at 14%) are as follows:

Year	1	2	3	4	5
Project I (₹)	10,000	10,000	10,000	10,000	10,000
Project II (₹)	12,000	8,000	6,000	8,000	12,000
PV factor (at 14%)	0.877	0.769	0.674	0.592	0.519

Requirements:

• Calculate the NPV of each project.
• Determine the IRR for each project.
• Calculate the payback period for each project.
• Assess the profitability index for each project.
• Recommend which project to undertake based on the above analysis.