Determine the risk adjusted Net Present Value of the following Projects: -

Particulars	Project A	Project B	Project C
Net Cash Outlays (Rs)	100,000.00	120,000.00	210,000.00
Project Life	5 Years	5 Years	5 Years
Annual Cash Inflow (Rs)	30,000.00	42,000.00	70,000.00
Coefficient of Variation	0.40	0.80	1.2

The company selects the risk-adjusted rate of discount on the basis of the coefficient of variation.

Coefficient of Variation	Risk Adjusted Rate of Discount	Present Value factor 1 to 5 years at risk adjusted rate of discount
0.0	10 %	3.791
0.4	12 %	3.605
0.8	14 %	3.433
1.2	16 %	3.274
1.6	18 %	3.127
2.0	22 %	2.864
More than 2.0	25 %	2.689