Question 2 - Show your working. Permata's Corporation is considering two mutually exclusive projects with useful life of 4 years. The after-tax cash flows for projects Hand K are listed below. Year 0 1 Cash Flow H (RM) (70,000) 10,000 20,000 30,000 20,000 Cash Flow K (RM) (50,000) 40,000 (10,000) 30,000 30,000 2 3 4 Assuming the expected rate of return on the investment is estimated at 7%. Required: 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) (Total: 10 Marks)