Question 2 New Wave Corporation is considering two investment opportunities. The company can choose either to invest in Project A or Project B. The expected annual free cash flows for each project as follows: Cash flows (RM) Year Project A Project B (7,000) (7,000) 1 1,800 0 2 (2,500) 0 3 1,800 0 4 4,800 0 5 3,800 10 000 If the required rate of return is 8%, calculate: a. calculate the payback period for each project. (3 Marks) b. calculate the net present value for each project. (5 Marks) C. based on the two investment techniques, which project should be accepted? (2 Marks)