Moha & Zatul Associates is selecting two independent projects. The initial investment and after-tax cash inflows associated with each project are shown in the following table: Project Mahligai RM 10,000 1,500 2,000 2,500 5,000 5,000 Cash flows Initial investment 1 2 3 4 5 Project Singgahsana RM 10,000 5,000 5,000 Principles of Finance (BAFB1013) May 2023 Final Examination 2,000 0 0 From the above information you are required to: a. calculate the payback period for Project Singgahsana and Project Mahligai. (2 Marks) 3 CONFIDENTIAL b. calculate the net present value of each project, if Moha & Zatul Associates has a required rate of return of 10%. (2 Marks) c. calculate the probability index for each project. (2 Marks) d. The interntal rate of return (IRR) for Project Mahligai is 14.33% calculate the IRR for Project Singgahsana. (5 Marks) e. Indicate which project's you would recommend based on your calculation in part (b), (c) and (d). Explain your answer. (1.5 Mark) (Total: 12.5 Marks)