REQUIRED 5.1 Calculate the Payback Period of Project G (expressed in years, months and days). (3 marks) 5.2 Calculate the Accounting Rate of Return (on average investment) of Project F (expressed to two decimal places). (5 marks) 5.3 Calculate the Net Present Value of Project F (with amounts rounded off to the nearest Rand). (4 marks) 5.4 Calculate the Internal Rate of Return (IRR) of Project G (expressed to two decimal places). (6 marks) 5.5 Comment on the IRR calculated above. (2 marks) INFORMATION Nascar Limited has the option to invest in machinery in Projects F and G but finance is only available to invest in one of them. The following projected data is available: \begin{tabular}{|l|c|c|} \hline & Project F & Project G \\ \hline & R & R \\ \hline Initial cost & 250000 & 250000 \\ \hline Depreciation per year & 50000 & 50000 \\ \hline Net cash inflows: & & \\ \hline Year 1 & 70000 & 82000 \\ \hline Year 2 & 75000 & 82000 \\ \hline Year 3 & 82000 & 82000 \\ \hline Year 4 & 85000 & 82000 \\ \hline Year 5 & 90000 & 82000 \\ \hline \end{tabular} Additional information 1. Project F is expected to have a scrap value of R20000 (not included in the figures above). No scrap value is expected for Project G. 2. The cost of capital is 15%