INFORMATION Hattingh Limited has the option to invest in machinery in Projects A and B but finance is only available to invest in one of them. You are provided with the following projected data: Project A Project B Initial cost 500 000 500 000 Year 1 120 000 150 000 Year 2 160 000 150 000 Year 3 170 000 150 000 Year 4 180 000 150 000 Year 5 150 000 150 000 Depreciation per year 90 0000 100 000 Additional information 1. Project A machinery is expected to be disposed of at the end of year 5 with a scrap value of 50 000 (not included in the figures above) 2. Project B machinery is not expected to have any scrap value. 3. The discount rate to be used by the company is 15%. QUESTION 1 Calculate the Payback Period of Project A (answer expressed in years, months and days). Calculate the Accounting Rate of Return (on average investment) of Project A (answer expressed to two decimal places). Calculate the Benefit Cost Ratio of Project A (answer rounded off to three decimal places). Calculate the Internai Rate of Return of Project B (answer expressed to two decimal places).