please use proper tables if needed.

Question 4 (7 marks) Healthy Food Ltd is considering to invest in one of the two following projects to buy new machinery. Each option will last 5 years and have no salvage value at the end. The company's required rate of return for all investment projects is 7%. The cash flows of the projects are provided below. Required: a) Identify which option of machinery should the company accept based on NPV method (Note: Please round up the result of each calculation of PV to 2 decimal places only for simplification) (4 marks) ANICINIFR =1 b) Identify which option of machinery should the company accept based on the simple payback period method if the firm maintains a policy that every investment project should recover the initial investment within 2 years