Transcribed image text: Following are two mutually exclusive projects. The initial investment requirements and the anaowe projects are given below. You are required to select the best project by using a Payback period, and income Dayback period Assurne 12% is the discounted rate. (Sz Marts 8) Cash Flows Year Project 1 Project 2 (400.000) (500.000) 1 50.000 130.000 2 70,000 150.000 3 80,000 140,000 4 100.000 130.000 5 120.000 160,000 i B