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The following information relates to three capital expenditure projects only one of which can be chosen: Note: - The company estimates its cost of capital is 18%. - Use the following discount factors to calculate net present value: Required: 1.1 Calculate the payback period for project B. 1.2 Calculate the accounting rate of return for project C. 1.3 Calculate the net present value of each project. 1.4 Using the answers from question 1.3, which project should be chosen? Provide reasons