QUESTION 1 REQUIRED: Study the information provided below and answer the following questions: 1.1 Calculate the Payback Period for both projects. (Answers must be expressed in years, months and days.) 1.2 Calculate the Accounting rate of return for Project B. 1.3 Calculate the Net Present Value of each project. (Round off amounts to the nearest Rand.) 1.4 Based on your answer in 1.3 what advice would you give if these were independent projects. 1.5 Calculate the internal rate of return for Project B INFORMATION: The following information relates to two capital investment projects. Initial cost Expected useful life Scrap value Expected net cash inflows Project A R550 000 4 years R50 000 R 160 000 Project B R 400 000 4 years Nil R 130 000 1st year 2nd year 180 000 130 000 3rd year 190 000 130 000 4th year Expected net profit 220 000 R 35 000 130 000 R 30 000 1st year 2nd year 55 000 30 000 3rd year 65 000 30 000 4th year 95 000 30 000 The company's cost of capital is 12%