Question 3 The company is comparing two mutually exclusive projects, whose details are given below. The company's cost of capital is 12% per cent per annum. Year Project Highside, Project Seaview, RM'000 RM'000 (10,000) 2,000 5,000 5,000 3,000 (10,000) 4,000 4,000 4,000 2,000 1 2 3 4 Required: a) Compute the payback period of EACH project. b) Using the present value / discounting factor below, calculate the net present value (to the nearest of RM'000) of each project. (6 marks) (12 marks)