• ABC Corporation is considering selecting a machine out of two mutually exclusive machines. The company's cost of capital is 10% and the tax rate is 25%. Other information related to both machines is as follows:

Particulars	Machine A	Machine B
Cost of machine	1,200,000	1,500,000
Expected life	6 years	6 years
Annual Income (before Tax & depreciation)	350,000	450,000

• Depreciation is charged on a straight-line basis. You are required to calculate: a. Discounted payback b. NPV c. Profitability index d. IRR