Note: Where applicable,use the present value table provided in Appendices 1 and 2 that appear after the formula sheet Required: use the information provided below to answer the following questions 1. calculate the payback period of project A (expressed in year,month, and days) 2. calculate the accounting rate of return on average investment of project A (expressed to 2 decimal places) 3. calculate the net present value of each project. show the calculations of the present values as well as the net present value. 4. using the net present value,which project should be chosen?why? 5 calculate the internal rate of return of project B . your answere must include 2 net present value calculations and the steps to express the IRE to 2 decimal places INFORMATION two mutually exclusive projects are being considered by the management of Cena Enterprise,viz Project A and project B. each project requires an initial investment of R2 500 000. Details of the net cash inflows and net profits are as follows: year 1: Net cash flow for Project A is R510 000 and Project B is R750 000 Net Profit for project A is R30 000 and Project B R250 000 Year 2 : Net cash flow for Project A is R530 000 and Project B is R750 00 Net Profit for project A is R50 000 and project B is R250 000 Year 3 Net cash flow for Project A is R780 000 and project B is R750 000 Net profit for Project A is 300 000 and project B is R250 000 Year 4 Net cash flow for Project A is R1 350 000 and project B is R750 000 Net profit dor project A is 870 000 and Project B R250 000 Year 5 Net cash flow for Project A is R600 000 and project B is R750 000 Net profit for project A is R120 000 and for project B is R250 000 Project A is expected to have a scrap value of R100 000. no scap value is expected for project B. the firm's cost capital is 12% . ignore taxes.