Use the information provided below to calculate the following. Note: Where applicable, use the present value tables provided in APPENDICES 1 and 2 that appear after QUESTION 5. (20 Marks) 5.1 Payback Period of both projects (expressed in years, months and days). (6 marks) 5.2 Accounting Rate of Return (on average investment) of Project X (expressed to two decimal places). (4 marks) 5.3 Net Present Value of each project. (5 marks) 5.4 Internal Rate of Return of Project Y using interpolation (expressed to two decimal places). (5 marks)INFORMATION The following information relates to two capital investment projects viz. Project X and Project Y that are under consideration by Asic Limited: The initial investment in each project is R400 000, with a useful life of four years. The estimated cost of capital is 16%. No scrap values are anticipated for the projects. The straight-line method of depreciation is used. The estimated net profits of Project X over its useful life are as follows: Year 1 R70 000 Year 2 R50 000 Year 3 R100 000 Year 4 R30 000 Project Y is expected to generate net cash flows of R140 000 per year over the four-year period