Best of the Best Limited (BBL) is considering two projects. The initial capital outlay for each project is US $75,000. The cost of capital for the company is 6%. The cash flow for each project are detailed in the table below. Year Farming $ Logistics $ Initial Outlay (75,000) (75,000) 1 25,000 36,000 2 0 21,000 3 32,000 0 4 20,000 12,000 5 23.000 30,000 i) Caulate each project's Payback period (4 marks) ii.) Assuming that the projects are mutually exclusive, which project(s) would you recommend for BBL according to the Payback period? Why would you make this recommendation? (2 marks) iii) Calculate each project's Net Present Value (NPV). Explain the major problem with the Internal Rate of Return (IRR) that is addressed by using the Modified Internal Rate of Return (MIRR). Explain how the MIRR addresses this problem