Write your answer to ALL following questions in only ONE (1) Microsoft WORD file and upload the file. Only the submitted file will be marked. Don't write anything in the textbox. 3.a) Soolim Inc. has the following two international projects available. i. The company imposes a payback cutoff of three years for its international investment projects. Indicate which project(s) Soolim Inc. should accept if both projects are independent (6 marks) ii. Calculate NPV of the projects if the required rate of return is 10%. Indicate which project(s) Soolim Inc. should accept if both projects are mutually exclusive (9 marks) Year Cashflow ($) A Cashflow ($) B o -50,000 -80,000 1 16,000 29,000 2 24,000 23,000 19,000 33,000 4 110,000 53,000 3 3.b) You intend to open a new shop at a start-up cost of RM600,000. The initial investment will be depreciated straight line to zero over the 15-year life of the project. Compute the average accounting rate of return. (5 marks) Years Net Income (RM) 1-5 124,000 per year 6-10 108,000 per year 11-15 78,000 per year