Liv Enterprise is considering a national launch of 2 corn chip products under project A and B. The National launch will require the following Investments: Additional manufacturing equipment; Project A: K900, 000.00 and Project B: K1, 000,000.00 Upgrading Existing Facilities; Project A: K100, 000.00 and Project B: K400, 000.00 Both of the above would be paid for at the outset and would be depreciated in the accounts over a five year period using straight line with a residual value for both Project A and B of zero. Projected revenues and costs over a period of five years are given in table below: Project A Year Revenue Costs 1 K1200000 K1340000 2 K2000000 K1670000 3 K2000000 K1520000 4 K2250000 K1685000 5 K2250000 K1685000 Project B Year Revenue Costs 1 K1300000 K1460000 2 K2100000 K1520000 3 K2200000 K1400000 4 K2400000 K1600000 5 K2500000 K1720000 Required: i) Appraise the two projects through the use of Accounting Rate of Return and suggest which of the two offers a better option. Please note that the above costs do not include depreciation. ii) Results increasingly suggest that discounted cash flow (DCF) techniques are a better way to appraise investment projects as compared to the payback method. Summaries reasons why this might be.