(i) Awaso Limited, is considering investing in a number of potential projects of which they have only GHC1,000,000 to spend. Using information in the table I below, you are required to: (a) Complete table 1 by calculating the NPV, PI and their respective ranking. (3 marks) (b) Identify which combination of projects should Awaso Ltd., undertake? (1 marks) Table 1 Project PV (in GHC) Cost (in GHC) 1 535,000 500,000 2 480,000 450,000 3 432,750 400,000 4 300,000 280,000 5 225,225 200,000 6 130,050 100,000 (ii) Table 2 Awaso Ltd. is to replace an aging delivery vehicle and is considering whether to buy a new vehicle or a used vehicle as a replacement. The average annual mileage is 60,000. The relevant estimated costs are as follows: Initial cost Average annual maintenance costs Fuel costs per mile Expected lifetime Used Vehicle New Vehicle GHC30,000 GHC80,000 15,000 80p 4 years 9,000 60p 6 years Awaso's relevant cost of capital is 8%. The estimated resale value of the new vehicle is GHC20,000 after 4 years. Ignore taxation. You are required to calculate the best financial option using: a) Annual equivalent method. (14 marks) b) Residual Value method when the van is needed for four years with GH20,000 residual value for new van and GHCO for the old van. (7 marks) (Total 25 marks)