Year	Project I	Project J
0	-$3,000,000	-$4,000,000
1	$1,200,000	$1,000,000
2	$1,400,000	$1,500,000
3	$1,600,000	$2,000,000
4	$1,800,000	$2,500,000

Requirements:

• Calculate the NPV of each project at a 6% discount rate.
• Determine the IRR for each project.
• Identify which project should be selected based on NPV.
• Assess the payback period for both projects.
• Evaluate the impact of a 2% increase in the discount rate on the NPV of each project.