The directors of Money investments Limited are considering two mutually exclusive projects. Both projects are concerned with the purchase of land for building. See details below. Required: 1. What is capital budgeting? 2. When looking at capital budgeting, do we take the accrual system into account. Give a reason for your answer. 3. List 1 advantage AND 1 disadvantage of the payback period method 4. Calculate the net present value of each of the projects above and state which of two projects should the directors accept and why. Assume a cost of capitall required rate of return to be 10% END OF ACCOUNTING 3: ASSIGNMENT 2