Question 4 (a) Tesla Inc. is considering two mutually exclusive projects, each with an initial investment of $120,000. The company's board of directors has set a maximum 3 year payback requirement. To fund investment, Tesla can close a loan with bank at 8%. The cash inflows associated with the two projects are shown in the following table. Year 1 2 3 4 5 6 Cash inflows (CF) Project A Project B $30,000 $35,000 30,000 45,000 30,000 10,000 30,000 20,000 30,000 40,000 30,000 30,000 Required: (1) Compare the payback period for above project. (4 marks) (i) Solve the net present value of each project. (8 marks) (111) Determine the internal rate of return of each project. (8 marks) (iv) Classify the projects by each of the techniques used. Make a recommendation and justify your answer. (5 marks) [Total: 25 Marks]