REQUIRED Study the information given below and answer the following questions. Where applicable, use the present value tables that appear in the module guide. 3.1 Calculate the Payback Period of both projects (expressed in years, months and days). (6 marks) 3.2 On the basis of the payback period only, which project should be chosen? Why? (1 mark) 3.3 Calculate the Net Present Value of both projects. (6 marks) 3.4 Calculate the Accounting Rate of Return (on average investment) of Project A (expressed to two decimal places). (4 marks) 3.5 Calculate the Net Benefit Cost Ratio of Project A (expressed to three decimal places.) ( 3 marks) INFORMATION Maxwell Limited needs your assistance in analysing two proposed capital investment projects. Details of the initial investments, net cash flows, net profit and time considerations are presented below: The recuired rate of return is 15%. No scrap values are expected