Question 2 ABAVIC Co Ltd is considering embarking upon a project which is expected to improve its financial position but it's confronted with a choice between TWO competing project options. The estimated dates and cash flows of two projects are as follows. Period(Year) Project B () Project A (0) 0 (18000) (18000) 6000 5000 6000 4800 6000 7000 4 6000 6000 6000 7100 6000 8000 1 2 3 5 6 Help ABAVIC Coltd makes a decision on which project to be selected under each of the following criteria: a) the Payback period, Amarks) b) the Net present value (NPV) assuming a cost of capital of 15% (6marks) c) the Internal rate of return (IRR)(5 marks) Please comment on each appropriately