Question A local manufacturing company has recently received government funding for a project. Two projects are being considered and the estimated initial investment costs and net annual cash flows are shown in the table below: - - (1500,000) {1800,000) 1200.000 1250.000 - 220,000 180,000 - 250,000 350,000 - 280,000 450,000 The company's expected return on capital is 12%. For both projects, calculate the following: a) Payback period (2 marks] b) Accounting Rate of Return (2 marks) c] The Net Present Value (N PV) (2 marks] d) Evaluate the financial viability of the two projects and give reasons for the one you would recommend to the company. [3 marks]