1e) 5 marks Project A Project B Project C Project D Payback Period 2 years 2.5 years 3 years 4 years NPV E20,000 E21,000 E18,800 E27,000 ARR 14% 18% 11% 17% IRR 13% 17% 10% 17% Discuss which project you would choose and why. Project: Reason: (type your answer here)