RAK Investments plc is looking to take on a new investment. The company willevaluate two mutually exclusive projects, whose details are given below. Thecompanys cost of capital is $9\%.$BD Millions Project A Project BInitial Investment $(105)(128)$Year $14080$Year $25060$Year $36050$Year $45020$Year $57510$Calculate the Payback periodCalculate the Net Present Value $($NPV$)$ of both projectsCalculate the Internal Rate of Return $($IRR$)$ of both projects