(a) The management of ABC Steel Limited, Raipur, a medium - size company wants to construct a Learning centre to facilitate the training and employee education programme. You being the Project Manager, prepare a Project Scope Checklist in proper format. (b) A machine shop owner is planning to buy a new machine costing Rs. 1 lakh. The expected cash flows are given in the table below: Year 1 2 3 4 Cash flows 20000 30000 40000 40000 Calculate the IRR and if the cost of capital is 12%, suggest whether he should buy the machine or not