financial management assignment

\QUESTION THREE Adewa Nig. Ltd has to choose between two investments project X and project Y. The company because of financial constraint could not undertake both investments. The expected The company has a policy that the maximum permissible payback period for an investinent is three years and if a choice has to be made between two projects, the project with the earlier payback will be chosen. vu are required to: i. Calculate the working capital cycle for each of the 3 years. (8 marks) ii. Explain THREE possible actions that might be taken to reduce the length of the cycle and TWO possible disadvantages of each. ( 6 marks)