1. Marcopolo Tiles Zambia Ltd is considering investing in the following projects which are considered to be mutually exclusive: | 25 Marks| The company uses the straight line method of depreciation. I he cost ol capstal tor ulle company is 25% per annum. Required: (a) Distinguish between mutually exclusive and independent projects (2 marks) (b) Calculate the Payback period (PB) for each project; which project should be recommended ( 8 marks) (c) Calculate the Net Present Value (NPV) for each project; which project should be recommended (10 marks) (d) Briefly describe the pros and cons of the Payback period method and the NPV techniques (5 Marks) 2. Financial analysis is the process of identifying the financial strengths and weakness of the firm by properly establishing relationships between the items of the statement of financial position (commonly known as Balance Sheet) and the statement of profit and loss account (Commonly Known as Income Statement). Ratio analysis is a powerful tool of linancial analysis. Required: (i) Describe any FIVE usefulness of financial ratio analysis (2.5 marks) (ii) Describe any FIVE limitations of financial ratio analysis (2.5 marks)