2. ABAVIC Co Ltd is considering embarking upon a project which is expected to improve its financial position but it's confronted with a choice among TWO competing project options. The estimated dates and cash flows of two projects are as follows. Period(Year) 0 1 2 3 4 5 6 7 8 9 10 Project A() (5000) 900 900 900 900 900 900 900 900 900 900 Project BC) (5000) 700 800 900 1000 1100 1200 1300 1400 1500 1600 Help A BABVIC Co Itd makes a decision on which project to be selected under each of the following criteria: a) the Payback period, (8marks) b) the net present value assuming a cost of capital of 12% (12marks) c) the Internal rate of return (IRR) (10 marks)