XYZ Company is evaluating 2 projects in which only one may be accepted) with an expected life of 3 years. The initial investment for either projects are RM1,000,000 each. These are the following net cash inflows:- Project 1 (RM) Project 2 (RM) 1 300,000 600,000 2 1,000,000 600,000 3 400,000 600,000 The cost of capital is 10%. Depreciation for the projects is calculated on a straight-line basis. Both projects have no resale value at the end of their useful lives. Required: (a) Calculate the net present value (NPV) of both projects. (7 marks) 6) Calculate the payback period for both projects. (5 marks) ) Calculate the accounting rate of return for both projects. (6 marks) (d) Based on your evaluation in parts (a) - ), which project would you recommend the company to invest in? Give TWO (2) reasons why. (3 marks) (e) What are TWO (2) non-financial reasons to consider when recommending which project should be invested in? (4 marks)