JDH Investments Limited is considering the following two tourism investment options, both with a 10% required rate of return and a five-year lifespan. YEAR CASH FLOWS PROJECT P PROJECT Q $ $ 0 (60 000) (60 000) 1 20 000 50 000 2 20 000 30 000 40 000 3 5 000 5 000 4 50 000 5 60 000 5 000 A. Calculate the: i. payback period for both projects. ii. Net Present Value. iii. Profitability Index (5 marks) (7 marks) (4 marks) B. Using the information calculated at A. which project should be selected, assuming that the projects are: i. mutually exclusive ii. independent Justify your response. (4 marks)