Question 1 Chempro Enterprise has determined that any one of three alternatives can be used to automate a baking and packaging process in their bakery. The alternatives are estimated below (Table (1), and the company uses a 5-year planning period. Table Q1 AlternativeX Alternative Y 30, 040 20, 200 1,500 4, 300 Alternative z 40, 800 4, 600 First cost, RM Annual operating cost RM/year Annual revenue RM /year Market value RM 9,500 8, 800 14, 700 5, 000 3,000 7,000 (i) If the minimum attractive rate of return is 15% per year, calculate and determine which alternative should be selected by the company on the basis of rate of return analysis. (8 Marks) (CLO2/PL01/C4) (ii) Perform ROR analysis after tax, using straight line (SL) depreciation on the selected of last two alternatives. Construct your cash flow before tax (CFBT) and cash flow after tax (CFAT) table and select one alternative under the following conditions; The effective tax rate is 34% and after tax MARR is 7% per year. (7 Marks) (CLO2/PL01/C4)