a) Determine the risk adjusted net present value of the following projects: Project A Project B Project C Net cash outlay (Rs.) 1, 00,000 1, 20,000 2, 10,000 Project life (years) 5 5 5 Annual cash inflow (Rs.) 30,000 42,000 70,000 Coefficient of variation 0.4 0.8 1.2 The company selects the risk adjusted rate of discount on the basis of coefficient of variation: Coefficient of Variation Risk Adjusted Rate of Discount 0.0 10% 0.4 12% 0.8 14% 1.2 16% 1.6 18% 2.0 22% More than 2.0 25%