Core Engineering (Pty) Ltd manufactures equipment used for geological and exploration purposes. Core's product research team proposed two new products to the company's executive team for consideration. A project team constituted to investigate the viability of the two projects provided the following information: Additional information: - The company has a capital amount of R8 000000 available to invest in these products. - The initial investment required is R5 million for Product Alfa and R7.5 million for Product Delta. - The cash flows are money cash flows. - The company requires a return of 12%. - The current inflation rate is 6%. - Cash flows are stated as money cash because of available tax incentives. Required: Note: Show all calculations and round off all answers to the nearest whole number. 3.1. Use the information and apply the net present value method, the replacement chain method and the equivalent annual income method to determine the viability of both products. (26) 3.2. Based on your calculation, what would your recommendation to the executive team be? Give reasons for your recommendation. (13)