Annual cash inflows from two competing investment opportunities are given below. Each investment opportunity will require the same initial investment of $4,000. Mike 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 2022 $3,300 2,600 2,100 $980 760 2023 690 Required: a. Compute the present value of the cash inflows for each investment using a 12% discount rate. (6 marks) I Amount of Cash Flows Present Value of Cash Flows Year(s) Investment Investment B Investment A Investment B 2021 $3,300 2,600 2,100 $980 760 2022 690 2023 Total b. Compute Net Present Value. (6 marks) Investment A Investment B Present Value of Cash Flows Initial Cost Net Present Value (NPV) Which investment opportunities should be accepted based on the NPV analysis? Why? (3 marks) I d. What is the Payback period for Investment A and Investment B? (8 marks)