2. There are many criteria for selecting a project. One of the criteria is adopting the economic aspects using several standard methods. (a) There are several methods that can be used to evaluate the monetary return on a potential investment. Briefly describe what you understand about Pay Back Period and Internal Rate of Return (IRR). (b) Suppose that your company has decided to invest RM316 million in a 5-year construction project. The project is expected to be sold for RM200 million once completed. Estimate the Internal Rate of Return (IRR) with the anticipated net profit shown in Table 1. (You can provide a range for IRR. The IRR is below 10\%) Table 1: Anticipated net profit/ Jadual 1: Keuntungan bersih yang dijangkakan (10) the capital investment and suggest two ways to achieve the required amount