QUESTION 2 Consider the following cash flow on two mutually exclusive projects for the Giant Maritime Inc. Both projects requires an annual return of 10%. Year 0 Deepwater Fishing ($575,000) $373,000 Seashore Fish Rearing ($980,000) $395.000 1 2 $219,000 $477,000 3 $185.000 $339,000 a. Estimate the payback period and justify which project should be accepted. (5 marks) b. Estimate the NPV and justify which project should be accepted. (10 marks) c. Estimate the IRR and justify which project should be accepted. (10 marks) (Total: 25 marks) (Grand Total: 50 marks) END OF QUESTION PAPER