Question 2( 10 marks) IBL Electronics can make either of two investments at time 0. Assuming a required rate of return of 14 percent, determine for each project: (a) the payback period, (4 marks) (b) the net present value, (2 marks) (c) the internal rate of return. (4 marks) The initial investments are shown below: Project A Project B Investment $ 28 000 $20000 Year 1 8000 5000 Year 2 8000 5000 Year 3 8000 6000 Year 4 8000 6000 Year 5 8000 7000 Year 6 8000 7000 Year 7 8000 7000