Please don't write on paper, show brief steps!

Joyce is a new assistant manager in Peace AgBiz. Her boss asked her to evaluate the capital budget opportunities of two potential investments: Project A and Project B. Joyce has not much knowledge about capital budgeting decision procedures, so she asked you for help. Fill out the following table and then answer the following questions. (10 points in total) (Note: please find "Present Value Factor" from the attached "Present Value of \$1 table" Note: The discount/interest rate is 8% and the initial total cost is $12,000 If the maximum payback period is allowed is 6 years, use the Payback method to find which project should Paul choose. (2 points) If the average yearly investment for both Project A and Project B are $10,000, use the Average Rate of Return method to find the project Paul should choose. (2 points)