Question 4 (20 marks) NASHORA Ltd has two mutually exclusive projects under consideration. The required return on each is 8 percent. The cash flows are as follows. Year Project A Project B Investment 0 -RM600,000 -RM380,000 1 RM240,000 RM160,000 2 RM240,000 RM160,000 3 RM240,000 RM160,000 4 RM240,000 RM160,000 a. Calculate the payback period for each project. (3 marks) b. Calculated the discounted payback period for each project. (3 marks) c. Calculate the NPV for each project. (4 marks) d. Calculate the IRR for each project. (4 marks) e. Which project would you select? Why? (3 marks) f. Why do NPV and IRR select different projects? (3 marks) (Total: 20 marks)