ByteWave Innovations has provided the following figures for two investment projects, only one of which may be chosen. Profit is calculated after deducting straight line depreciation. The business has a cost of capital of 12%. Required A. Calculate the payback period, net present value and accounting rate of return for each project. I. The Payback Period. II. The Accounting Rate of Return/Return on Capital Employed. III. The Net Present Value. B. Discuss your findings in each section of (b) and advise as to what project needs to be undertaken. C. Critically evaluate the benefits and limitations of each of the differing investment appraisal techniques, ensuring the use of relevant academic literature