The net operational cash flows of investment schemes of Futsal and Restaurant as follows:

Year	Futsal (000)	Restaurant (000)
0	(82)	(82)
1	20	30
2	30	30
3	40	40
4	40	50
5	50	30

Given that the residual value for futsal and Restaurant are 18,000 and 22,000 respectively while the required rate of return is 12%.

question: Based on the investment appraisal techniques and its superiority, provide clear recommendation for a choice of either Futsal or Restaurant investment scheme assuming a company is not able to undertake both investment schemes at the same time or mixed of Futsal and Restaurant. (Accounting Rate of Return , Payback period ,Net Present Value Internal Rate of Return)

	ARR	PP	NPV	IRR
Futsal	46.4%	2.2	52250	30.86%
Resturant	46.15%	2.45	58455	34.75%