ASANTA Ghana Ltd is considering investing in the following projects which are considered mutually exclusive: PROJECT GO

[answerhappygod]

ASANTA Ghana Ltd is considering investing in the following
projects which are considered mutually exclusive:
PROJECT GO PROJECT COME
GH¢ GH¢
Annual cash inflows 1,000,000 2,000,000
Cost of Machine 2,500,000 6,000,000
Scrap value of Machine 250,000 1,000,000
Expected life of the Project 5 years 5 years
ASANTA Ghana Ltd uses the straight-line method of depreciation.
However, tax-allowable depreciation is 30% on straight line basis.
The cost of capital for the company is 20% per annum.
Required:
i) Calculate the Accounting Rate of Return for each project.
ii) Calculate the Net Present Value (NPV) for each project.
iii) Compute the Internal Rate of Return (IRR) for each
project.
iv) Compute the Modified internal Rate of Return (MIRR) for each
project?
(Note: In each of the above, advise the Company on which of the
projects to implement or