(A) Aadams C Umited is considering two mutually exclusive projects to expand its operations as follows: (1) A retail outlet in Port of Spain and (2) A retail outlet in Sen Femando Both projects are expected to boost sales, each with an initial investment of $275,000. The compary's board of directors has set up a 3 -year payback requirement and has set its cost of capital at 10%. The incremental cash inflows associated with the two projects are as follows: Year ing 9) Calculate the payback period for each project ii) Calculate the NPV of each project at discount rate of 10% Please show workings. (ail) Which project will you seiect based on (i) and (ii) above