Galfar Industries is planning to modernize its production facility. The company has identified three different technologies which could help them meet this goal. The cash flows associated with these three technologies are summarized in Table 4. Initial Outlay (RO) | Annual Revenue Expected Project Life (RO) (in years) Technology 1 19000 Technology 2 23000 3220 14 Technology 3 42000 Table 4 3230 9 6720 11 (a) Evaluate each of the three technologies based on the present worth method of comparison assuming 11% interest rate compounded semi-annually. Based upon the evaluation suggest the best technology which is to be implemented