S Use the information provided below to answer the following questions. Where applicable, use the present value tables provided in APPENDICES 1 and 2 that appear after QUESTIONS 5.1 Calculate the Payback Period of both machines expressed in years, months and days) 5.2 Which machine should be chosen on the basis of payback period only? Why? 5.3 (1 marks) Calculate the Accounting Rate of Retum (on average investment of Machine A expressed to two (4 marks) decimal places) 5.4 Calculate the Net Present Value of each machine amounts expressed to the nearest Rand) (5 marks) 5.5 Calculate the Internal Rate of Return of Machine B expressed to two decimal places) using (5 marks) INFORMATION Nite Limited intends purchasing a new machine and has a choice between the following two machines Machine A Machine B Intal cost R400000 R400000 Expected useful ite 5 years 5 years Scrap value 0 Expected net profit or net cash flows Net profit Net cash flows Year 1 R20 000 R116 000 Year 2 R40000 R116 000 R50 000 R116000 Year 3 Year 4 Year 5 R70000 R116000 R11000 The company estimates that it's cost of capital is 12% Depreciation is estimated at R80 000 per year