Z. Textile Limited is fabric textile due to shortage of resources textile facing problems. Z. Textile enhances its production by installing new plants. For this issue, the manager considers two mutually exclusive proposals. Associated cash flows of proposals are as follows: PROPOSAL Initial Cash Outflows. A 2,000,000 B 1,500,000 500,000 400,000 Year-end Cash Inflows 1 2 3 4 600,000 800,000 900,000 500,000 700,000 800,000 For this investment, the benchmark payback period and the required rate of return are set at four (4) years and 10% respectively. To evaluate feasibility of these proposals, you are required to: a) Calculate Payback periods for both the proposals. b) Calculate NPV for both projects. c) Based upon payback period and NPV calculated above, suggest which project is more suitable to option and provide reason