A company owned exclusively by residents in the New South Wales coastal community of Yamba is offered three projects for which the cash flows are as follows in thousands of dollars. The directors work on 6 per cent as their RRR. Assume all cash flows occur at the end of the relevant years. There are no salvage values factored into the expected cash flows, and no salvage values are expected. Project Year o Year 1 Year 2 Year 3 Year 4 Year 5 A - 1190 310 390 420 300 240) B -1270 200 190 320 390 4400 C -730 350 120 180 120 2201 The discount factors based on the RRR are as follows: Year 1 Year 2 Year 3 Year 4 Year 5 0.9434 0.89 0.8396 0.7921 0.7473 Please answer the questions below. Where a number is required in the boxes below, please type in the number without a thousands separator. a. Calculate the three investment appraisal measures for each project. ARR for Project A (round the number to the nearest two decimal places and separate the decimals from the rest of the number by a dot"."): % ARR for Project B (round the number to the nearest two decimal places and separate the decimals from the rest of the number by a dot"."): % ARR for Project C (round the number to the nearest two decimal places and separate the decimals from the rest of the number by a dot"..): % PP for Project A (round the number to the nearest two decimal places and separate the decimals from the rest of the number by a dot"."): years PP for Project B (round the number to the nearest two decimal places and separate the decimals from the rest of the number by a dot "."): years PP for Project C (round the number to the nearest two decimal places and separate the decimals from the rest of the number by a dot"..): years NPV for Project A: $ NPV for Project B: $ NPV for Project C: $ b. Rank the projects from 1 to 3 based on each individual investment appraisal measure and overall (with rank of 1 given to the project that is the best in terms of the individual investment appraisal measure or overall). For the overall ranking, please assume that each individual investment appraisal measure has the same weighting/importance. Project A Project B Project C Ranking based on ARR Ranking based on PP Ranking based on NPV Overall ranking