Annual cash inflows from two competing investment opportunities are given below. Investment A requires $123,000 initial investment and Investment B requires $115,000. Steal Company has a doubt about which investment opportunity is going to provide a higher return to the company. Year Investment A Investment B 2021 $45,000 50,000 2022 42,000 48,000 2023 41,000 44,000 Required: Compute the present value of the cash inflows for each investment using a 11% discount rate. Show the calculation steps for the full mark along with the formula. (8 marks) Amount of Cash Flows Present Value of Cash Flows Year(s) Investment A Investment B Investment A Investment B 2021 $45,000 50,000 2022 42,000 48,000 2023 41,000 44,000 Total Compute the Net Present Value (NPV). (6 marks) Investment A Investment B Present Value of Cash Flows Initial Cost Net Present Value (NPV) What is difference between NPV and Payback period? Explain each method briefly and highlight their differences. (11 marks