B. Redzuan Corporation is considering three long term capital investment proposals. Each investment has a useful life of 5 years. Relevant data on each project are as follows. Project Aee Project Bee Project Cee Capital investment RM150,000 RM160,000 RM200,000 Annual cash inflow: Year 1 Year 2 Year 3 Year 4 Year 5 RM43,000 RM43,000 RM43,000 RM43,000 RM43,000 RM50,000 RM49,000 RM48,000 RM44,000 RM41,000 RM67,000 RM62,000 RM61,000 RM53,000 RM52,000 Depreciation is computed by the straight line method with no salvage value. The company's cost of capital is 12%. Required: a. Compute the followings: i. Payback period for each project. (5 marks) ii. Net present value for each project. (7 marks) Internal rate of return for each project. (13 marks) b. Rank the projects on each of the foregoing bases. Which project do you recommend and why