3. Beximco Limited imposes a payback cut-off of three years for its international investment projects. If the company has the following two projects available, should it accept either of them? Calculate the NPV of the projects if the required rate of return is 11%. Which project (s) should we accept if both projects are i) mutually exclusive and ii) independent? 10 marks Year Cashflow ($) A 0 -43,000 1 18,000 2 23,000 3 19,000 4 100,000 Cashflow ($) B -93,000 20,000 24,000 35,000 55,000