Please, I need the answer and the approaches step by step( all the information about how to get the data) in an easy way for my understanding Thanks!

Question.3 As the accountant for Gamble Limited you have the responsibility for eveluating capi proposals. For th of both proposals are as follows al. Details e coming year the following two proposals have been presented for your approv Proposal X This project will require an initial investment of 500 000 n plant and machinery. Cash infows for the four years will be 160,000 per annum. At the end of year four the plant will be decommissioned and it is expected to yield 60,000 from its sale. for the four Proposal Y This project will require an initial investment of 400,000 in plant and machinery. The cashflows project have not yet been computed but you have been presented with the following data. Sales Units 8,000 12,000 15,000 10,000 Year Ycar 2 Year 3 Year 4 s 622, direct labour 12 and The selling price per unit is 55. Costs per unit are as follows - direct material variable costs E8. The selling price and all costs will remain constant over the four years and all costs are paid for in cash as they occur Gamble Ltd expects the cost of capital to be 10%. Discount Factors - Present Value of 1 10% 15% 0.870 0.756 0.658 20% 5% Year 0.909 0.826 0.751 0.833 0.952 0.694 0.907 0.579 0.864 0.572 0.683 0.482 0.822 4 0.497 0.402 0.335 0.784 0.621 0.564 0.432 0.746 Required:- Evaluate each of the two projects using:- (a) i) Payback. (6 marks) (i) Net Present Valuce. (8 marks) (iii) Intemal Rate of Return. (8 marks) (b) Lf only one project eould be pursued, which would you recommend, giving reasons for your answer? (3 marks) (Total 25 marks)