Howard Company operates a chain of sandwich shops. The company is considering two possible expansion plans. Plan A would open eight smaller shops at a cost of AED 8,500,000. Expected annual net cash inflows are AED 1,600,000 for 10 years, with zero residual value at the end of 10 years. Under Plan B, Howard Company would open three larger shops at a cost of AED 8,100,000. This plan is expected to generate net cash inflows of AED 1,000,000 per year for 10 years, which is the estimated useful life of the properties. Estimated residual value for Plan B is AED 990,000. Howard Company uses straight-line depreciation and requires an annual return of 6% Requirements: 1. Compute the Payback Period for Project A to the nearest one decimal. 2. Compute the Payback Period for Project B to the nearest one decimal. 3. Compute the Accounting Rate of Return for Project A to the nearest one decimal. 4. Compute the Accounting Rate of Return for Project B to the nearest one decimal. 5. Compute the NPV for project A (1 Point). AED 6. Compute the NPV for project B. (1 Point). AED 7. Compute the Profitabilty Index for Project A to the nearest one decimal. (1 Point) 8. Compute the Profitability Index for Project B to the nearest one decimal. (1 Point) 9. Compute the Internal Rate of Return for Project A to the nearest one decimal. (1 Point) 10. Is project A an option for your company? Answer Y or N. (1 Point) Years (1 Point) Years (1 Point) % %