3. The correct after-tax cash flows for the three alternative projects have been derived by your analytical team. These are given in Table 4. What discount rate(s) is(are) appropriate for these alternatives? What discount rate is appropriate for the small addition alternative? Justify your measure. Compute their net present values, internal rate of return, and payback periods. Table 3 MACRS Denreciation Datan Table 4 After-Tax Cash Flow Projections Jan. 1 Jan. 1 2017 t0 Jan. 1 2018 1 Jan. 1 2019 t-2 Jan 1 2020 3 2021 Jan. 1 2022 -5 Jan 1. 2023 4 0 0 0 0 0 CF small addition CF buy Computer CF build large 0 ($2.780,000.00) ($8,760,000.00) $6,514,757.74 ($35,395,615.00) (833 900,000.00) $1,168,94343 ($18,928,10367) $ 6,959,202.45 $11,104,167.14 $ 7,515,530.21 $11,954,108.55 ($25,400,000.00) S 8,141,811.53 $12.967,158.18 $9,548,545.06 Jan. 1 2024 Jan. 1 2025 t=8 Jan. 1 2026 9 Jan 1. 2027 Jan. 1 2028 ta11 Jan. 1 2029 t=12 CF small addition CF buy Computel CF build large ($ 2,320.123.14) $10,636,785.42 $14,175,673.40 ($ 81642621) $ 9,723,157.57 $12,936.283.99 $ 2,837,962 27 S 8,638,353 91 $14,295,381.34 $ 5,965,722.02 $ 7.508,140.31 $15,877,615.89 S 9.235,789 59 $ 6,599,021.43 $17.589,579.38 $34.770.039.86 $31,493,925.72 $71,760,955.16