OCIOW Year Project Preston Project Seacole Cost -> $40,000 ,000 $10 $100,000 $16,000 $8,000 2 $16,000 $32,000 3 $16,000 $56,000 4 $16,000 $80,000 5 $16,000 $104,000 6 $16,000 $128,000 Discount rate 10% 20% Which project(s) would you accept/reject if MGMT2023 has a four-year cut-off period for recapturing the initial cash outflow? (8 marks) (b) What is the difference between the exact time it takes to double and investment and that approximated by the rule of 72 if the rate of interest is 8% per annum compounded continuously? (7 marks)