The Camel Company is considering two mutually exclusive projects with the following cash flows. Assume discount rate of 12%.

Compute NPV, IRR, PI. Assume the discount rate is 12%. Please recommend the firm which project(s) to choose under the following scenarios:

Year	Project A cash flow	Project B Cash flow
0	-75,000	$-60,000
1	$30,000	$25,000
2	$35,000	$30,000
3	$35,000	$25,000

1. Assume Independent Projects: (i) which project(s) would you recommend? (ii) Would your answer change if the firm is financially constrained, and the budget allotted is $80,000.
2. Assume Mutually Exclusive Projects: (i) which project(s) would you recommend? (ii) Would your answer change if the firm is financially constrained, and the budget allotted is $80,000.
3. Compute Payback period for both projects.