HFR Corporation is trying to decide as to which project the company should invest in. The projects available are independent and they look very attractive. The following information is available. ii. ION 2 iv. V. Initial Outlays Cash Inflows (YEAR) 1 2 3 4 5 3 PROJECT A (RM) 400,000 80,000 100,000 100,000 200,000 100,000 BM/DEC 2015/FIN420/540 PROJECT B (RM) 480,000 The company required rate of return is 12 percent. Since HFR Corporation has to meet the deadline, you are required to calculate the following on each project: i. Payback Period Net Present Value IRR for Project B Profitability Index Which project to invest and why? 132,000 132,000 132,000 132,000 132,000 (4 marks) (6 marks) (5 marks) (4 marks) (1 mark)