Answer the following questions: a) KALISPERA Company is considering undertaking one of the four projects given below. The cost of each project is $2 million. Using net present value (NPV) decision rule, determine which project the company should accept. Show your calculations in full. (70%) Cash Flow Project A Project B Project C Project D Year 1 $500,000 $600,000 $1,000,000 $300,000 Year 2 $500,000 $600,000 $800,000 $500,000 Year 3 $500,000 $600,000 $600,000 $700,000 Year 4 $500,000 $600,000 $400,000 $900,000 Year 5 $500,000 $600,000 $200,000 $1,100,000 Discount Rate 6% 9% 15% 22% b) There are various decision models that we use to perform capital budgeting. Provide a summary of their respective characteristics by addressing issues of: decision criterion, complexity of application, time value of money, risk, and economic basis and evaluation. Critically discuss which one is the best option for a finance manager. (30%)