FIGI 1152 PM Question 18 (10 points) Maxima Construction is considering 2 long-term capital investment projects. Each investment has a useful life of 5 years. Relevant data for each project follows: Project Project A TB Capital $ Investment 300,000 350,000 Annual Profit 60,000 55,000 Additional Information: Depreciation is calculated by the straight-line method with no residual (salvage) value. The company's cost of capital rate is 6%. Refer to the excerpts of the Present Value Tables provided below. Required: 1. Compute the cash payback period for each project. (Round to 2 decimals) (2 marks ner project, 4 marks total) ut (Round to nearest dollar) (2 Time Left:0:12:50 Manjot Singh Sohi: Attempt 1 investment 300,000 350,000 Annual $ Profit 60,000 55,000 Additional Information: Depreciation is calculated by the straight-line method with no residual (salvage) value. The company's cost of capital rate is 6%. Refer to the excerpts of the Present Value Tables provided below. Required: 1. Compute the cash payback period for each project. (Round to 2 decimals) (2 marks per project, 4 marks total) 2. Compute the net present value for each project. (Round to nearest dollar) (2 marks per project, 4 marks total) 3. Which Project would you recommend and why? (2 marks) All of your work must be clearly labelled and laid out so that the marker can follow and grade it. All calculations must be shown using the following symbols: add (+), subtract (-), multiply (x) divide (1) Please refer to the Present Value Tables in the document called "Approved