Q. No 3: Your division is considering two projects. The required rate of return for both projects is 10%. Below are the cash flows of both the projects: (Note: show all computations) Projects A B Initial investment -$30 -$30 Year 1 $5 $20 Year 2 $10 $10 Year 3 $15 $8 Year 4 $20 $6 a. Calculate the Payback period and discounted payback period. Why are they different? (3 marks). b. Calculate the NPV for both the projects (4 marks). c. Which projects should be accepted? (3 marks). i) if both the projects are independent. ii) if both projects are mutually exclusive. Good Luck