I sent you the same question but you didn't solve it correctly The same percentage has been used for all years and there is a difference where every year there is a different percentage (I think what I am saying is correct) So, please, whoever solves it should be a professional in that, or use Excel instead of the traditional methods, because the result may be wrong. The important thing is that I want a correct and guaranteed solution? I'll give a star too, just solve it correct

Fahad Al-Naser: Project Analysis Fahad Al-Naser graduated from University of Bahrain, College of Business Administration in July and has been working for about a month as a Junior Financial Analyst at Aluminium Bahrain B.S.C. (\#ALBA), one of the largest and most modern aluminium smelters in the world. When Fahad arrived at work on Thursday morning, he found the following memo in his e-mail: TO: Fahad Al-Naser FROM: Bryan Harris, Chief Financial Officer, ALBA RE: Capital Budgeting Analysis whw albasmelter.com Provide an evaluation of two proposed projects whose cash flow forecasts are found below: Since these projects involve additions to ALBA's portfolio of high quality aluminium product line, the company requires a rate of return on both projects equal to 9,5%. As you are no doubt aware, ALBA relies on several criteria when evaluating new investment opportunities. In particular, we require that projects that are accepted have a payback of no more than 3 years, provide a positive NPV, and have an IRR that exceeds the company's discount rate. Give me your thoughts on these two projects by 9 am Sunday morning. Fahad was not surprised by the memo, for he had been expecting something like this for some time. ALBA followed a practice of testing each new financial analyst with some type of project evaluation exercise after the new hire had been on the job for a few months. After re-reading the memo, Fahad decided on his plan of attack. Specifically, he would first do the obligatory calculations of Payback, NPV, and IRR for both projects. Fahad knew that the CFO would grill him thoroughly on Sunday morning about his analysis, so he wanted to prepare well for the experience. One of the things that occurred to Fahad was that the memo did not indicate whether the two projects were independent or mutually exclusive. So, just to be safe, he thought he had better rank the two projects in case he was asked to do so on Sunday morning. Fahad sat down and made up the following "to do" list: 1. Compute Payback, NPV, and IRR for both projects. 2. Evaluate the two projects' acceptability using all three decision criteria (listed above) and based on the assumption that the projects are independent. That is, both could be accepted if both are acceptable. 3. Rank the two projects according to Profitability Index and make a recommendation as to which (if either) should be accepted under the assumption that the projects are mutually exclusive. University of Bahrain College of Business Administration