3. Another friend of yours heard of the large amount of money you just inherited and asks you to join him in all or some of six different projects. The capital required for each project over the next five years is shown in the table below, along with the amount of budgeted capital. Which proposal would you choose (if any) and what is the resulting NPV of the investments. Capital (in S'000s) required in Proposals Expected NPV (S'000s Year 1Year 2 Year 3 Year 4 Year 5Year 6 100 90 20 25 10 30 10 10 20 20 20 40 20 27 10 20 10 70 20 15 20 10 10 15 20 15 10 10 30 20 15 25 10 13 35 1 70 40 20 4 10 50 0 Capital available in each year 30