Consider Rate as: 7.25%

2. Consider the following five projects Cash Flows ($ mln) at Time t Project Alpha Beta Gamma Delta Omega 0 -2.5 4.25 5.75 2.25 -5.5 0 1.25 2.75 0.25 0 0 1.25 1.15 0 1.25 2.25 1.15 0 3.75 1.25 0.50 3.25 5.75 0 1.25 1.05 0 0 Which of the five projects would you choose based on each of the Calculate the following criteria: a. i. Payback period (assume a required payback period in 3 years or less) [5 points] ii. Discounted payback period (assume a required discounted payback period of3 years or less) [5 pointsl IRR (you will require the use of a financial calculator or Excel for some IRR calculations) [5 points] iv. NPV [5 points]