Norazlina is a financial manager at Kueh Berhad. As a financial manager she is responsible for growing company wealth. She was asked to consider the following independenet project for investment.

The initial investment and after$-$tax cash inflows associated with each project are shown in the following table:

Year Pro$$ect Sam rit Pro$$ect Tart Nenas

$60000100000$

$12000031000$

$22000035000$

$32000038000$

$42000031000$

From the above information, you are required to calculate for each project.

a$.$ Calculate the payback period for each project. $(4$ Marks$)$

b$.$ Calculate the net present value for each project, given Kueh Berhad required rate is $11\%.$

$(8$ Marks$)$

c$.$ Calculate the internal rate of return for each project. $(10$ Marks$)$

d$.$ Justify, should Norazlina accept the project