c) You are required to assess two proposed investments. They are mutually exclusive, so only one can be selected. There is preference for the Internal Rate of Return method, so it must be included as part of your ment Opportunity cost of capital is 9%. Details on each proposal (2000), including estimates of the Internal Rate of each proposal are as follows: Project Year 0 Year Year 2 IRR (%) One 600 375 TWO -900 210 268.5 i. Prepare a brief report for your colleagues, explaining why the simple IRR measure may not be appropriate in this case. ii. Demcestrale how the IRR can be adapted to produce a correct recommendation iii. Estimate the Net Present Value of each project, to demonstrate that your wiwer to the previous section is comect. (10 Marks) search