Exercise 10 Manar Company is in the process ofbuying a new automated machine with initial investments and cash flows as follows: ProjectA Project B Initial End-of-Year Initial End-of-Year Investment Cash Flows Investment Cash Flows $40,000 20,000 20,000 20,000 $90,000 $40,000 40,000 80,000 The company's hurdle rate is 1 1%. Required:- Calculate paybackperiod for A and E. Calculate PI for A and B 1. 2. 3. Which machine should Manar Company purchased