VWX Ltd. is considering two projects. Each project requires an initial investment of ₹40,000 and has a life of 5 years. The company’s required rate of return is 9%. 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 9%) are as follows:

Year	1	2	3	4	5
Project C (₹)	10,000	10,000	10,000	10,000	10,000
Project D (₹)	12,000	8,000	6,000	12,000	8,000
PV factor (at 9%)	0.917	0.842	0.772	0.708	0.650

Requirements:

• Compute 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.