STU Ltd. has to choose between two mutually exclusive projects that require ₹60,000 each and have a life span of 6 years. The required rate of return is 10%, and the tax rate is 40%. Both projects will be depreciated straight-line. The net cash flows (before taxes) and the PV factor (at 10%) are as follows:

Year	1	2	3	4	5	6
Project 1	20,000	18,000	16,000	14,000	12,000	10,000
Project 2	15,000	20,000	15,000	20,000	15,000	20,000
PV factor	0.909	0.826	0.751	0.683	0.621	0.564

You are required to:

1. Compute the NPV for both projects.
2. Advise which project is better.