QUESTION 5 INVESTMENT CRITERIA (20 Marks) Note: Where applicable, refer to the present value tables (Appendix 1 and 2) that appear after QUESTION 5. REQUIRED Study the information provided below and calculate the following: 5.1 Payback period of both projects. (Answers must be expressed in years, months and days.) (6 marks) 5.2 Accounting Rate of Return (on average investment) of Project X (answer rounded off to 2 decimal places). (3 marks) 5.3 Net Present Value of Project Y. (Round off amounts to the nearest Rand.) (3 marks) 5.4 Benefit Cost Ratio of Project X (answer rounded off to 3 decimal places). (3 marks) 5.5 Internal Rate of Return of Project Y (answer rounded off to 2 decimal places). (5 marks) INFORMATION The following information relates to two projects under consideration by ABC Limited: The company estimates that its cost of capital is 12%