QUESTION 4 a ) Tai Chong Sdn Bhd is considering one of the two mutually exclusive projects, Myvi and Axia. The company's discount rate is 7 % . The expected after - tax cash flows for both projects are as follows: As the company's financial manager, you are required to:

i ) Calculate the payback back period for project Myvi and Axia.

ii ) Calculate the Net Present Value for project Myvi and Axia.

iii ) Calculate the Internal rate of return for p project Myvi and Axia.

iv ) Determine the best project that Tai Chong Sdn Bhd should invest into. Justify your answer.

\begin{tabular}{|c|c|c|} \hline Year & \begin{tabular}{c} Myvi \\ (RM) \end{tabular} & \begin{tabular}{c} Axia \\ (RM) \end{tabular} \\ \hline 0 & (45,000) & (45,000) \\ \hline 1 & 12,500 & 11,000 \\ \hline 2 & 10,000 & 11,000 \\ \hline 3 & 13,500 & 11,000 \\ \hline 4 & 5,000 & 11,000 \\ \hline 5 & 8,000 & 11,000 \\ \hline \end{tabular}