Neil Corporation has three projects under consideration. The cash flows for each project are shown in the following table. The firm has a 16% cost of capital. Project Project L Project M Initial investment RM40 000 RM40 000 RM40 000 Year Cash Inflows (RM) 1 13 000 7 000 10 000 2 13 000 7 000 10 000 3 13 000 7 000 10 000 4 13 000 7 000 10 000 5 13 000 7 000 10 000 (a) Calculate each project's payback period, net present value, and profitability index. Which project or project should be accepted if they are independent? (b)