2 - Show your workings. Zeb's Corporation is considering three mutually exclusive projects with useful life of 4 years. The after-tax cash flows for projects Q, R and P are listed below. Year Cash Flow Q (RM) Cash Flow R Cash Flow P (RM) (RM) 0 (80,000) (70,000) (90,000) 1 30,000 30,000 40,000 2 30,000 20,000 20,000 3 30,000 30,000 40,000 4 20,000 20,000 20,000 Assuming the expected rate of return on the investment is 8%. Required: a. calculate the payback period for each project. b. calculate the net present value for each project. (6 Marks) (9 Marks) c. based on the two investment techniques, which project should be accepted? (3 Marks) d. if Zeb's Corporation is considering the project(s) that can recover its initial investment within two years, which project(s) should be accepted? (2 Marks) (Total: 20 Marks)