Question: Please assist me with the below question and show all the steps. Question 2 30 Marks You recently accepted an assignment with Oxford Limited as

Please assist me with the below question and show all the steps.

Please assist me with the below question and show all the steps.

Question 2 30 Marks You recently accepted an assignment with Oxford Limited as a financial consultant. One of your first assignments is the analysis of two proposed capital investment projects. Details of initial investments, after-tax cash flows and average annual profits are represented below: Year After-tax Cash flows Project A Project B Initial investments (R50 000) (R50 000) Cash flows R26 200 R14 200 2 R12 200 R14 200 3 R12 200 R14 200 R5 000 R14 200 Average annual profits R1 400 R1 700 2.1. Which project has a shorter payback period? Motivate your answer by doing the relevant calculations (answers expressed in years, months, and days). 20 Marks

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