a) The following information is available in relation to two projects: Year Project A 345WN-O 1 2 5 Payback period and calculations Net present value and calculations Analysis of results and conclusions (5,000) 2.500 1,000 1,000 500 1,500 1,000 IRR calculations Analysis of the outcome Project B Calculate the payback period for the above-proposed projects and their Net Present Value (NPV) assuming that the organisation has proposed a discounting rate of 12%. Analyse the results and provide conclusions. (8,000) 1,500 2,000 2.500 1,000 1,000 2,500 [6 marks] [6 marks] [3 marks] b) Find the Internal Rates of Return (IRR) of project A in part (a) above. Analyse the outcome if IRR is used. [7 marks] [3 marks]