Jan-Stone Limited is looking into the following two (2) investment projects: Project Cost of Investment Year OWN A B $450,000 $560,000 Estimated net cash flows $ $ 180,000 220,000 160,000 200,000 130,000 170,000 110,000 150,000 90,000 120,000 60,000 80,000 730.000 940,000 The company's required rate of return for both projects is 15%. [Refer to Appendix A on the last page for your discount rates] Required: a. Calculate the net present value (NPV) for both projects. [18 marks] Note: Copy the above table and complete the calculations in the answer booklet. Year Cash Flow Discount Factor at Present Value (to fill the discount factor) $ $ b. Evaluate and advise the management which one of the projects to opt for, if any. [2 marks]