3. You are a financial analyst for ABC Company. The director of capital budgeting has asked you to analyze two proposed capital investments for project X. The project has a cost of Tk. 30,000 and the expected net cash flows are as follows: Expected Net Cash Flows i) ii) iii) Year 1 2 3 4 Project X Tk. (30000) 8000 12000 18000 21000 Calculate the IRR for the project Would you accept the project if the cost of capital is 13%? Why NPV is superior to IRR?