You are the financial manager for Banko Investment Company Limited. Your company is deciding between two projects, X and Y to invest in. The following are details regarding both projects. Presently, Banko Limited has available cash amounting to GH500,000 and a readyto-access loan of GH1,500,000 at a rate of 15% interest per annum. Equity shareholders require a return of 25% on their investments. Assume corporate tax rate is 30%. (Show all relevant calculation) Required: a. Calculate the Payback Period for both projects. b. Calculate the NPV for both projects. (12 marks) c. Calculate Profitability index for both projects. d. Calculate the Internal rate of return for both projects. (12 marks) e. Advise Management based on your calculations above on which of the two projects Banko Limited should invest in. Provide relevant reasons to support your answer. (10 marks)