In my role as a development finance analyst, it is imperative to thoroughly evaluate the financial feasibility and prospective ramifications of three distinct projects initiated by Godezhy PVT LTD, a furniture enterprise. Project A centers on the production of beds for NETCARE hospital, while Project B focuses on manufacturing chairs for a church located in Mpumalanga. Additionally, Project C entails the sale of tables to LETS Institute. Detailed cash flow projections for these projects are provided in the table below: Year Cashflows Project A Cashflows Project B Cashflows Project C 1 R45,000,000 R75,000,000 2 R45,000,000 R60,000,000 3 R45,000,000 R30,000,000 R50,000,000 4 R45,000,000 R30,000,000 R50,000,000 5 R45,000,000 R30,000,000 R50,000,000 6 R45,000,000 R30,000,000 R30,000,000 You are required to: a) Calculate the payback period for each project. using formula(6) b) Calculate the NPV for each project at 10%. using formula((6) c) Derive the IRR of each project. using formula((8) d) Rank the projects by each of the techniques used. Which of the three projects should be pursued? Justify your recommendation. using formula(6) e) Suppose the cost of capital rises to 15%, calculate the new NPV and make a recommendation as to which project should be considered. using formula((9)