a) Consider the following two projects: Initial Outlay 1 Project A RM4,000,000 Project B RM4,000,000 Net Cash Flow Each Period 2 3 4 RM2,003,000 RM2,003,000 RM2,003,000 RM2,003,000 0 0 0 RM11,000,000 Calculate the net present value of each of the above projects, assuming a 14% discount rate. (4 Marks) b) What is the internal rate of return for each of the above projects? (2 Marks) c) Compare and explain the conflicting rankings of the NPVs and IRRs obtained in parts a) and b) above. (2 Marks) d) If 14% is the required rate of return, and these projects are independent, what decision should be made? (2 Marks) e) If 14% is the required rate of return, and the projects are mutually exclusive, what decision should be made? (2 Marks)