Question Completion Status: Click Submit to complete this assessment Question 1 of 1 Question 1 5 points Manama Inc. is considering two mutually exclusive projects A and B. The initial investment and the estimates of the anual revemes and costs associated with each project presented in the below table. The economic life of the project will be 5-Year's period, and both projects Ceny same risk. Mana mesa discount rate of 10%. After considering the current economic situation Manama Inc. has set a maximum payback period of 4 years and minimum return on Investment (ROI) 16% Projects A Projects B 306,000 684,000 Initial investment: Cost of equipment (zero salvage value Annual revenues and costs: Sales revenues Variable expenses Depreciation expense Fixed out-of-pocket operating costs 450,000 216,000 61,000 138,000 360,000 108,000 60,000 48.000 To determine the appropriate discount factors) using the tables provided. Required: 1. Calculate the payback period for each project: 2. Calculate the net present value for each project. 3. Calculate the simple rate of return for each product 4. Which of the two projects (if either) would you recommend that Manama Inc accept? Why? Shoe