4 points (NB A financial calculator must be used to answer this question) A business venture requires an initial investment of R150000 and has an expected quarterly cash flowas follows: An investor will consider this option if she can get a return of 14% p.a. compounded quarterly Which one of the following alternatives is FAL SE? (Answers are rounded to two decimal places where necessary) NPV=150000+20000(1,035)1+30000(1,035)3+50000(1,035)1+72500(1,035) IRR 14,75%6 pa effective. NPV=R997,12 If Newton's method is used to calculate the IRR, then the iterative formula that must be used is in+1=in20000(1+i1)390000(1+in)t200000(1+in)5362500(1+in)6150000+20000(1+in)1+30000(1+i14)3+50000(1+in)4+72500(1+in)50=150000+20000(1,0367)1+30000(1,0367)3+50000(1,0367)1+72500(1,0367)5