QUESTION 3 Country Wallpapers is considering investing in one of two mutually exclusive projects; E, and G. The firm's cost of capital is 15 percent. The firm has gathered the basic cash flow for each project as shown in the following table. Initial Investment ($) Year 1 2 3 4 Project E Project G 15,000 19,000 Cash Inflow ($) 6,000 4,000 6,000 6,000 6,000 8,000 6,000 12,000 (a) Calculate Payback Period (PP) for each project. (8 marks) (b) Calculate Internal Rate of Return (IRR) for each project. (6 marks) (c) Calculate the Net Present Value (NPV) for each project. (7 marks) (d) Based on your answer in (a to c), which project should be accepted. Justify (4 marks)