1. Mobil is considering two mutually exclusive projects - Project A and Project B. Each requires an initial investment of $910,000. Mobil, which has a 18% cost of capital, has estimated its Earnings after taxes as shown in the following table. Earnings after taxes (EAT) in $ Year Project A Project B 1 150,000 450,000 225,000 350,000 3 300,000 250,000 4. 400,000 100,000 5 200,000 150,000 6 150,000 150,000 7 150,000 125,000 2. a. Determine the Payback Period (PBP), Net Present Value (NPV) and Profitability Index (PI) of each project, assuming Mobil uses straight line method of depreciation, and the working life of each project is 7 years. b. Rank and assess which project Mobil should invest in? Explain why. (10+10+5+5=30 marks)