AUGUST 26 LOGISTICS (PTY) LTD is in WINDHOEK, Namibia and is part of the Food Manufact Industry. AUGUST 26 LOGISTICS (PTY) LTD has 30 total employees across all its locations and generates $4.89 million in sales (USD). (Employee's figure is estimated, Sales figure is modelled) AUGUST 26 LOGISTICS (PTY) LTD is considering two projects. The projects are similar in nature are expected to both operate for four years. Due to unavailability of funds to undertake both, only project can be accepted. The cost of capital is 12% and depreciation is charged on the straight-line basis. The following information is available: Profit after depreciation Project A Project B Initial investment 46 000 46 000 Year 1 6 500 4 500 Year 2 3 500 2 500 Year 3 13 500 4 500 Year 4 (1 500) 14 5001 Estimated scrap value at the end of year 4 4 000 40001 Calculate the Payback period Proposal A to the nearest whole number