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.

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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