ASANTA Ghana Ltd is considering investing in the following projects which are considered mutually exclusive: PROJECT GO PROJECT COME GH GHC 2,000,000 Annual cash inflows Cost of Machine 1,000,000 2,500,000 6,000,000 Scrap value of Machine 250,000 1,000,000 Expected life of the Project 5 years 5 years ASANTA Ghana Lid uses the straight-line method of depreciation. However, tax-allowable depreciation is 30% on straight-line besis. The cost of capital for the company is 20% per annum Required: a) (4 marks) .) Calculate the Accounting Rate of Return for each project. Caleniste the Net Present Value (NP) for each niet remark Scrap value of Machine 250,000 1,000,000 Expected life of the Project 5 years 5 years ASANTA Ghana Ltd uses the straight-line method of depreciation. However, tax-allowable depreciation is 30% on straight-line basis. The cost of capital for the company is 20% per annum Required: a) .) Calculate the Accounting Rate of Return for each project 11) Calculate the Net Present Value (NPV) for each project. 1) Compute the Internal Rate of Return (IRR) for each project. iv) Compute the Payback period for each project. (4 marks) (4 marks) (4 marks) (4 marks) b) In each of the above, advise the Company on which of the projects to implement or undertake (7 marks) (Total: 23 marks)