Question $1$The following information is provided:Profit after depreciationProject A Project BN$O$00$N$O$0046000460006500450035002500135004500(1500)1450040004$ O$00$Year$0$Year $1$Year $2$Year $3$Year $4$Estimated scrap value at the end of year $4$Depreciation is charged on the straight line basis.Required:a$)$ Calculate the payback period for both project$[4]$b$)$ Calculate the net present value $($NPV$)$ for both projects $[8]$c$)$ Calculate the accounting rate of return $($ARR$)$ for both projects$[4]$d$)$ Assume the two projects are mutually exclusive. Which project should be chosen and why?$[2]$e$)$ Explain any two limitations of using the annualised equivalent method when makinginvestment decisions.$[4]$Identify three conditions under which the IRR and the NPV techniques may produce differentresults$[3]$Question $1$The following information is provided:Profit after depreciationProject A Project BN$O$00$N$O$0046000460006500450035002500135004500(1500)1450040004$ O$00$Year$0$Year $1$Year $2$Year $3$Year $4$Estimated scrap value at the end of year $4$Depreciation is charged on the straight line basis.Required:a$)$ Calculate the payback period for both project$[4]$b$)$ Calculate the net present value $($NPV$)$ for both projects $[8]$c$)$ Calculate the accounting rate of return $($ARR$)$ for both projects$[4]$d$)$ Assume the two projects are mutually exclusive. Which project should be chosen and why?$[2]$e$)$ Explain any two limitations of using the annualised equivalent method when makinginvestment decisions.$[4]$Identify three conditions under which the IRR and the NPV techniques may produce differentresults$[3]$