Hamilton Corporation is planning to expand its business. For this purpose, the finance team has explored two investment options, both require AED 10 million. The finance team has also projected the cash flows for the next three years, as shown below: Year Project Hami Project Ton 7 AED 6,000,000 AED 5,000,000 AED 4,000,000 AED 3,000,000 AED 3,000,000 AED 8,000,000 2 3 (a) Calculate payback period and suggest which project should be selected? (5 Marks) (b) Calculate Net Present Value (assuming a discount rate of 10%) and suggest which project should be selected