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E F G H J Mock Part 1 + The following information relates to two possible capital expenditure projects: Project X f f Initial cost 280,000 160,000 Expected cash flows: Yr 50,000 60,000 60,000 66,000 W 72,000 72,000 84,000 78,000 96,000 84,000 6 108,000 Assuming that the company can only finance one of the projects, you are required to calculate the Accounting Rate of Return (ARR) and the payback period of each project. 21 On the basis of your calculations prepare written recommendations to management to indicate the best possible project. 22 23 Part 2 24 Maab Wrap Text v Custor Arial em Merge & Centre v Paste U Open recovered workbooks? Your recent changes were saved. Do you want to continue working where you left off? 110 X V I LL LL O CO 4 Project X Payback Year Cashflow Cumulative Cashflow Cumulative -280,000 -280,000 160,000 -160,000 50,000 230,000 60,000 -100,000 60,000 -170,000 66,000 -34,000 72,000 -98,000 72,000 38,000 84,000 14,000 78,000 116,000 96,000 82,000 84,000 200,000 108,000 190,000 14,000 / 96,000 365 days X 4 years 53 days 34,000 / 72,000 365 days 2 years 172 days ARR Payback NPV Workings Select destination and press ENTER or choose Paste escab Wrap Text Custom Arial Merge & Centre v v 9 I v recovered workbooks? Your recent changes were saved. Do you want to continue working where you left off? XV I LL O CO Accounting Rate of Return Average profit Intital Investment X 78,333 27.98% 280,000 72,000 45.00% 160,000 2 ARR Payback NPV Select destination and press ENTER or choose Paste Workings esc F6 W K m L