(b). An American investors have identified two projects for investment in the Coffee industry of Ghana, project A and B. Each of the projects will require start-up capital of $50.000.00 respectively. The project will use machine apparatus and conveyance trucks at a cost of $20.000 in the production and distribution of the Coffee products. The remainder will be used as working capital. The projects are expected to have FIVE years life-span, after the company will be sold at the Ghana Stock Exchange Market The project will start from May 2017. All estimated cash-flow are to be repatriated to America at a hedged exchange rate of GHc4.00 are to $1.00 at end of each year. Project A B Initial Capital (S50.000.00) ($50,000.00) Cash-flow Cash-flow GHe GHc Year 1 100.000 150.000 Year 2 150,000 90.000 Year3 50.000 80.000 Year 4 22.000 30.000 Year 5 20,000 30.000 Required: i. Calculate the pay-back - period for each of the project for the investor (8Marks) ii. Calculate the amount in cedi flown into Ghana as the initial capital for the investment. using the hedged rate. (5Marks)