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.

Use the infcnnaon provided below to calculate the tollcwing. Hole: 1all'li'hraere applicable, use the [it] Marita} present value tables provided in APPENDICES 1 and 2 that appear after QUE-5110" 5. 5.1 Payback Period of both projects {expressed in years. months and days}. {5 marine} 5.2 Accounting Rate of Return [on average investment] of Project it [expressed to two decimal places}. {4 merits} 5.3 Net Present 1|.I"a|ue of each project. {5 marine} 5.4 Internal Rate of Retum of Project 'I" using interpolation [expressed to two decimal places}. {5 marks} The following information relates to two capital investment projects viz. Project I and Project Y that are under consideration by Asic Limited: The initial investment in each project is Fit-tilt} . with a useful life of fourrjrears. The estimated cost ofcapital is 15%. hlo scrap values are anticipated for the projects. The straight-line method of depreciation is used. The estimated net prots of Project I over its useful life are as follows