The directors of Mama Ltd are currently considering two mutually investment projects. Both projects are concerned with the purchase of new plant. The following data are available for each project. The company has an estimated cost of capital of 10%. Neither project would increase the working capital of the company, and the company has sufficient funds to meet all capital expenditure requirements. (a) Calculate for each project (i) the payback period (4 Marks) (ii) the net present value (6 Marks) (iii) the profitability index (10Marks)