Project valuations (25 marks) You are asked to evaluate two projects; A and B. The cash flows for each project are given below as follows: Year 0 1 3 4 At 10%, project A -R100 000 65 000 30 000 10 000 Project B -R100 000 35 000 35 000 35 000 a) Determine the Net Present Value (NPV), Payback period and Simple Rate of Return(IRR) b) Suppose that the two projects are independent; which one should be accepted? c) Suppose the two projects are mutually exclusive; which one should be accepted?