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QUESTION FOUR [20] The management of New Health Ltd has to choose between two projects, namely project E065 and project E092. The following information has been presented regarding the two projects: Project E065 Project E092 Initial investments R200 000 R240 000 Net cash inflows Year R R 1 60 000 90 000 2 60 000 60 000 3 60 000 60 000 4 60 000 70 000 40 000 5 60 000 The required return is 15%. The straight-line method of depreciation is in use. Required: 4.1 Calculate the Payback Period for Project E065 (Answer in Years. Months and Days). 4.2 Calculate the Net Present Value (NPV) for both projects (Round of amounts to the nearest Rand). 4.3 Advise management on the choice of project based on your answer to 3.2 above. Describe three (3) disadvantages of the Payback Period method 4.4 4.5 Explain two (2) advantages of the Net Present Value (NPV) method