Nationgate Corporation is considering two projects of machinery that perform the same task. The required rate of return for these projects is RM10%. The projects expected cash flows are as follows:

Year Machine MIR (RM) Machine ZA (RM)

0 (27,000) (27,000)

1 13,000 6,000

2 14,000 15,000

3 17,000 19,000

4 13,000 19,500

Based on the above information, you are required to make an analysis for the decision of Capital Budgeting based on the following techniques:

(a) Payback Period

(b) Discounted Payback Period

(c) Net Present Value (NPV)

(d) Accounting Rate of Return

(e) Internal Rate of Return

(f) Profitability Index, PI