QUESTION 3 Krapp Corporation is planning to make an investment of RM4,500,000 for three alternative shopping centers in Kelantan. Each project's expected cash flow from investment are as follows: Year Mall X Mall Y Mall Z RM RM RM 1 1,244,000 1,200,000 960,000 2. 1,144,000 1,200,000 1,800,000 3 1,350,000 1,200,000 1,380,000 41,420,000 1.200,000 1,680,000 The company's cost of capital is 10% and these projects are mutually exclusive. a) Calculate the following i) Calculate the payback period for three projects (7 marks) ii) Calculate the net present value for three projects (9 marks) ii) Which project would be selected and state your reasons. (2 marks)