Two investment projects are bcing considered. (0) Explain why comparing the iwc discounted payback periods or comparing the two payback periods arc not generally appropriate ways to choose between two investment projeris. 131 The two projects each involve an initial investinent of 3m. The incoining cash flows from the two projects are as follows: Project A In the first year, Project A generates cash flows or 0.5m. In the second year it will generate cash flows of 0.55m. The casiz !low's generated lay the project will continue to increase by 10% per annum until the end of t'in sixi!! year and will dien cease. Assuine that all costi flows are received in it??? middle of the year. Project 8 Project B generales cash flows or 0.64m per annum for six years. Assuine that all cash flows are received continuously throughout the year. (ii) (a) Calculate the payback period from Project B. (5) Calculate the discounted payback period from Project B at a rate of interest of 4% per annum effective