16. Calculate the Payback, ARR, NPV for each of the following projects. Given what you know about the advantages of each technique, which project would you choose if only one could be chosen? Assume that the cost of capital is 7% for each project. YEAR iPad iPhone -34,000 -12,500 1 17,000 300 2 24,600 9,500 3 3,600 4,000 T T T Arial 3 (12pt) V T Path:p Words:0