hello! please help me with this practice question! it doesnt have any workings and answers for me to revise.

Good Day Limited is considering two (2]- cepilal investment projects. The details are outlined as follows: Project Ace Diamond Estimated lite 3 years 5 years Commencement date 1.1.2013 1.1.2018 Project cost at year 1 $100,000 $100,000 Estimated net cash flows: 8 5 Year: 1 20,000 10,000 2 60,000 40,000 3 40,000 40,000 4 20,000 40,000 5 M 150,000 150,000 The company expects a rate of retum of 12% per annum on its capital employed. Required: (a) Calculate the net present value {NPV} of both projects. [16 malts] (b) Based on the results at part (a). evaluate and decide which project you would recommend, and why. [4 marks] from]: 20 marks]