Question 2 [Capital Budgeting decision] Calculate the Pay Back Period. NPV and IRR of the following projects assuming a 10% required return and critical acceptance level of pay back period of 3.5 years. Project A Project B Project C Project D Cash Flows($ 000) Initial Cash outlay Cash Inflow Year 1 Cash Inflow Year 2 Cash Inflow Year 3 Cash inflow Year 4 Cash inflow Year 5 -1,000,000 300,000 400,000 250,000 200,000 200.000 -1,000,000 150,000 150,000 800,000 500,000 200,000 -1,000,000 500,000 550,000 350,000 200,000 200,000 -1,000,000 400,000 300,000 200,000 800.000 800,000 Which project(s) should we accept if they are independent? Mutually Exclusive