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 $3,300 $980 2022 2.600 760 2023 2.100 690 Required: a. Compute the present value of the cash inflows for each investment using a 12% discount rate. (6 marks) Amount of Cash Flows Present Value of Cash Flows Year(s) Investment A Investment Blinvestment A Investment B 2021 $3,300 $980 2022 2,600 760 2023 2.100 6901 Total b. Compute Net Present Value. (6 marks) Investment Alinvestment B Present Value of Cash Flows Initial Cost Net Present Value (NPV) c. Which investment opportunities should be accepted based on the NPV analysis? Why? (3 marks) d. What is the Payback period for Investment A and Investment B? (8 marks)