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Use the information provided below to answer the following questions: 5.1 Calculate the Payback Period of the first alternative (expressed in years, months and days).

Use the information provided below to answer the following questions: 5.1 Calculate the Payback Period of the first alternative (expressed in years, months and days). (3 marks) 5.2 Calculate the Accounting Rate of Return on initial investment of the first alternative (expressed to two decimal places). (4 marks) 5.3 Based on the Net Present Value, which alternative should be chosen? Why? (Show the calculations of the present values as well as the net present values.) (8 marks) 5.4 Calculate the Internal Rate of Return (expressed to two decimal places) of the first alternative. Your answer must include two net present value calculations (using consecutive rates/percentages) and interpolation

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