Question 1 (40 marks) You have been appointed as an executive in the finance department of Pioneer packaging company. The company has recently raised funds and the directors of the company are considering three ways of using these funds. Three projects A,B&C are being considered each involving an immediate purchase of equipment costing AED5,000,000. This equipment will have a useful life equal to the life of the project with no salvage (scrap) value. The management, in the past has always used the Return on Investment, the Payback Period, and the Net Present Value methods to select projects. The following data shows the net income and cash inflows per project per year. The company's minimum required rate of return is 15%. Calculate the following for the different projects and show all your calculations: a. Return on Investment (ROI) (8 marks) b. Payback Period (10 marks) c. Net Present Value using present value tables (14 marks) Which of these projects should be accepted if the required ROI is 60% and payback period is 3 years? (4 marks). Clearly explain which project is superior? (4 marks)