(b) The table below provides the estimates of cash flow for four projects, each of which has a five-year life. Since they are mutually exclusive, there is only one of the stock that will maximize the price of the firm's stock. We would normally assume at this point that all four projects are equally risky. Cash Flow (RM million) B Year A D 0 1 2 3 4 5 -1,000 100 900 100 - 100 - 400 -1,000 0 0 300 700 1,300 -1,000 100 200 300 400 1,250 -1,000 200 300 500 500 600 PV Factor at 10% 1.000 0.909 0.826 0.751 0.683 0.621 (i) Comment on the four projects based on Net Present Value (NPV) rule. (15 marks) (ii) Comment on the four projects based on Internal Rate of Return (IRR) method. (12 marks) (iii) Compare and explain the results in part (i) and (ii). (9 marks)