Financial feasibility Study for Investment Projects The NPV \& The IRR: Project PE1, PE2 and PE3 The Directors of the industrial CUCO have received three mutually exclusive investment proposals coded PE1, PE2, PE3. The economic life of each one is 7 years starting from 2020 to 2026 including 2 years of establishment. Only one of these three alternative investment proposals should preliminary be nominated for acceptance. The following are the Net Cash Flows (NCFs) of PE1, PE2 and PE3 in LE million: Ine discount rate of the company is currently 15%. The Internal Rate of Return (IRR) of PE1 and PE2 is 16\%, while the IRR of PE3 is more than 16%. Required: Mone than 15% (A) Use the NPV method to rank PE1, PE2 and PE3. (B) Find out the IRR of PE3. For guidance, the PV of LE 1, i.e. 1/(1+r)n : Round-up the NPV of the nearest LE1, then ignore any positive or negative NPV of less than LE 50