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Batelco Inc. is considering two mutually exclusive projects A and B. Each project requires an initial investment as presented in the below table. The economic life of the project A will be 6-Year's and Project B will be 5 years, and both projects carry same risk. Batelco Inc uses a discount rate of 12%. After considering the current economic situation Batelco Inc. has set a maximum payback period of 4 years and minimum return on investment (ROI) 18%. A financial analyst., prepared estimates of the annual revenues and costs associated with each project as in the below table: Projects A Projects B Cost of equipment 240,000 470.000 Working Capital needed 60,000 80,000 Overhaul of the equipment in two years 12000 14000 Annual revenues and costs: Sales revenues 375.000 300,000 Marisblo.awnoncoc 100 000 Projects A Projects B Cost of equipment 240,000 470,000 Working Capital needed 60,000 80,000 Overhaul of the equipment in two years 12000 14000 Annual revenues and costs: Sales revenues 375,000 300,000 Variable expenses 180,000 90,000 60,000 74,000 Depreciation expense 90,000 70,000 Fixed out-of-pocket operating costs 5 years Life of Project 6 year The working capital will be released 6th and 5th year of the project A and project B respectively, for investment elsewhere within the company. Required: 1. Calculate the net present value for each project. (4 Marks) 2. Calculate the simple rate of return for each product. (4 Marks) 3. Which of the two projects (if either) would you recommend that Batelco Inc. accept? Why? (2 Mark)