please help with question 5 and please show workings

Use the information given below to calculate the following: 5.1 Payback period of both projects (answers expressed in years and months). (4 marks) 5.2 Average Rate of Return of Project Min (answer expressed to two decimal places). (3 marks) 5.3 Net Present Value of both projects (amounts rounded off to the nearest Rand). (5 marks) 5.4 Profitability Index of Project Min (answer expressed to two decimal places). (3 marks) 5.5 Internal Rate of Return of Project Max (answer expressed to two decimal places) (5 marks) INFORMATION Calci Ltd had to choose between two projects viz. Project Min and Project Max which are expected to have the following net cash inflows: Year 1 2 3 Project Min R80 000 R160 000 R220 000 R220 000 Project Max R160 000 R160 000 R160 000 R160 000 4 Each project requires an initial investment of R440 000 and no scrap value is expected for either project. The average annual profit for Project Min and Project Max is R60 000 and R50 000 respectively. The cost of capital is 1596 e Note: Where applicable, use the present value tables provided in APPENDICES 1 and 2 that appear after QUESTION 5. REQUIRED Use the information given below to calculate the following: 5.1 Payback period of both projects (answers expressed in years and months). (4 marks) 5.2 Average Rate of Return of Project Min (answer expressed to two decimal places). (3 marks) 53 Net Present Value of both projects (amounts rounded off to the nearest Rand). (5 marks) 5.4 Profitability Index of Project Min (answer expressed to two decimal places). (3 marks) 5.5 Internal Rate of Return of Project Max (answer expressed to two decimal places) (5 marks) INFORMATION Calci Ltd had to choose between two projects viz Project Min and Project Max which are expected to have the following net cash inflows Year 2 3 Project Min R80 000 R160 000 R220.000 R220 000 Project Max R160 000 R160 000 R160 000 R160 000 4 Each project requires an initial investment of R440 000 and no scrap value is expected for the project. The average annual profil for Project Min and Project Max is R60 000 and R50 000 respectively. The cost of capital is 15%