Question 3.8.2 Payback period and average rate of return Study the information in the table below and then answer the questions that follow. Year Net cash flow Project Atlanta ($) Project Boston ($) 0 (140 000) (150 000) 80 000 60 000 2 60 000 60 000 1 3 20 000 60 000 (a) State the cost of the investment projects under consideration. [1 mark] (b) Calculate the payback period for both projects and comment on your findings. [4 marks] (c) Calculate the average rate of return on both projects. Assuming that the savings interest rate is 4.75%, comment on your findings. [4 marks] (d) Considering all relevant factors, examine which investment project is more attractive. [6 marks]