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Forming India Incorporation uses discounted payback period for small machineries under Benchmark of Rs. 25,000 and has a (cut off period of 4 years) for these small value projects. Two Machineries Rand S are under consideration. The anticipated cash flows for these two projects are listed below. If Forming Incorporation uses an 8% discount rate on these projects are they accepted or rejected? Which Machine is looked as Best in the first four years of the projected Cash Flows & NPV? Project Project Cash Flows R s Initial Cost 24,000 18,000 Cash flow 6,000 9,000 year! Cash flow 8,000 6,000 year 11 Cash flow 10,000 6,000 year III Cash flow 12,000 3,000 year IV