Abu Ilyas Engineering is considering including two pieces of equipment, a CONVEYOR BELT and an overhead FORKLIFT system, in this year's capital budget. The projects are independent The initial cash outlay for the CONVEYOR BELT is SR22,000 and that for the FORKLIFT system is SR22,430. The firm's REQUIRED RATE OF RETURN is 17%. The company has set its maximum pay-back-period cut off to be 3 years. After-tax free cash flows are as follows: Year CONVEYOR BELT SR22,000 SR8,780 SR6,540 SR8,700 SR9,500 FORKLIFT SR22.430 SR8,500 SR8,680 SR7,500 SR7,500 Calculate: A) Payback Period for FORKLIFT PROJECT ONLY (2 marks) B) Net Present Value for CONVEYOR BELT PROJECT ONLY