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INFORMATION Hattingh Limited has the option to invest inmachinery in Projects A and B but finance is only available toinvest in one of them. You are provided with the followingprojected data: Project A Project B Initial cost 500 000 500 000Year 1 120 000 150 000 Year 2 160 000 150 000 Year 3 170 000 150000 Year 4 180 000 150 000 Year 5 150 000 150 000 Depreciation peryear 90 0000 100 000 Additional information 1. Project A machineryis expected to be disposed of at the end of year 5 with a scrapvalue of 50 000 (not included in the figures above) 2. Project Bmachinery is not expected to have any scrap value. 3. The discountrate to be used by the company is 15%. QUESTION 1 • Calculate thePayback Period of Project A (answer expressed in years, months anddays). • Calculate the Accounting Rate of Return (on averageinvestment) of Project A (answer expressed to two decimal places).• Calculate the Benefit Cost Ratio of Project A (answer rounded offto three decimal places). • Calculate the Internai Rate of Returnof Project B (answer expressed to two decimal places).