You are the finance manager of YJY Bhd with a responsibility of deciding between implementing Project Avatar and Project Blitz. The cost of capital is 8% per annum. The following information can be used to assist you in making a decision. Year 0 1 2 3 4 Cash Flows (RM) Project Avatar (90,000) 11,000 25,000 44,000 20,000 (a) What is the payback period (PP) of both projects? Project Blitz (f) (65,000) 30,000 30,000 15,000 25,000 (b) What is the net present value (NPV) of both projects? (c) What is the internal rate of return (IRR) of both projects? (d) Which projects should YJY Bhd undertake between the two projects? Why? (e) Explain the disadvantages of using payback method over net present value. Discuss the advantages and disadvantages of the internal rate of return. (2 marks) (3 marks) (4 marks) (2 marks) (4 marks) 15 morkel