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Excellence Through Knowledge Limited (ETK) is considering two projects. The initial capital outlay for each project is US $75,000. The cost of capital for the company is 9%. The cash flow for each project are detailed in the table below. i.) Calculate each project's Payback period (4 marks) ii.) Assuming that the projects are mutually exclusive, which project(s) would you recommend according to the Payback period? Why would you make this recommendation? (2 marks) iii.) Calculate each project's Net Present Value (NPV). (6 Marks) iv.) Assuming that the projects are independent, which project(s) would you recommend according to the NPV? Why would you make this recommendation? (2 Marks) Excellence Through Knowledge Limited (ETK) is considering two projects. The initial capital outlay for each project is US $75,000. The cost of capital for the company is 9%. The cash flow for each project are detailed in the table below. i.) Calculate each project's Payback period (4 marks) ii.) Assuming that the projects are mutually exclusive, which project(s) would you recommend according to the Payback period? Why would you make this recommendation? (2 marks) iii.) Calculate each project's Net Present Value (NPV). (6 Marks) iv.) Assuming that the projects are independent, which project(s) would you recommend according to the NPV? Why would you make this recommendation? (2 Marks)