ABC Ltd. is considering two new projects, Alpha and Beta. The cost of capital is 8%, and the tax rate is 35%. The details are provided below:

Alpha Project:

• Initial Cost: $5,000,000
• Life: 6 years
• Annual Revenue: $1,200,000
• Depreciation: Straight-line

Beta Project:

• Initial Cost: $8,000,000
• Life: 5 years
• Annual Revenue: $1,800,000
• Depreciation: Straight-line

Requirements:

1. Calculate the NPV.
2. Determine the IRR.
3. Assess the payback period.
4. Evaluate the Accounting Rate of Return (ARR).