A newly formed company is considering its capital investment program for the calendar years 2023 and 2024. It has a policy of funding all investment proposals only by issue of equity shares whose cost of capital is 12% p.a. After considerable research the company has shortlisted for consideration five proposals whose cash inflows and outflows over the next 4 year period is estimated as follows Calendar year Project 1 2 3 4 5 2023 (Rs.600000) (Rs.800000) (Rs.2000000) (Rs.500000) (Rs.1000000) 2024 Rs.300000 Rs.1000000 (Rs.500000) Rs.300000 Rs.1200000 2025 Rs.400000 Rs.500000 Rs.3000000 Rs.300000 Rs.600000 2026 Rs.100000 Rs.300000 Rs.1500000 Rs.400000 Rs.300000 None of the projects can be delayed. All the projects are divisible. Outlays may be reduced by any proportion in which case net cash inflows will reduce by the same proportion. In the year 2023 the funds available for investment will be only Rs.3500000 whereas required funds for investment will be available in the year 2024.Advise the Projects to be undertaken in the year 2023