The company you work for is currently considering the following projects for investment purposes: The company has a cost of capital of 12%. The projects are mutually exclusive due to capital rationing. Note: The cash flows to the firm are after tax and depreciation. a) Based on the above information, identify, using calculations, which project should be chosen? b) What are some of the advantages associated with the use of the NPV in analysing projects? c) Calculate the Internal Rate of Return (IRR) and payback period for both projects