El-Fagr company is a manufacturing company. It has three divisions: Smart TVs, White Appliances, and Smart Watches. Each division is independent and has its suppliers, distributors, customers, and competitors. Project (A) is to introduce a new smart TV. Project (B) is to produce a smart refrigerator. Project (C) is to produce a solar energy smartwatch. The initial investment of project (A) is $30 million and it is expected to produce cashflow in the first year of $8 million with an annual increase of 7% for 7 years (expected life of 7 years). The initial investment of project (B) is $40 million and it is expected to produce cashflow of $9 million for the first 4 years and $7 million for an extra 5 years. The initial investment of project (C) is $45 million and it is expected to produce a steady cashflow of $11 million for 6 yearsAccording to the Net Present Value method (N.P.V), which project/projects do you recommend El-Fagr Co. to invest in? Now assume that the previous projects were mutually exclusive, what is the best project using the NPV method