In the age of Artificial Intelligence (AI), all companies are pursuing technological innovation to stay competitive. Hence, NuRobotic Sdn. Bhd. is considering investing in a new AI application which would cost RM2.05 million to acquire and install. Meanwhile, some equipment that supports the old system can be scrapped upfront and generate net proceeds of RM50,000. However, the AI application requires a minimum trial run period of one year. During the first year of the trial run, the company needs to spend an implementation fee of RM750,000. Operating profit to be derived from the new AI application is forecast to be RM0.5 million at the end of second year, RM1 million at the end of third year, RM1.5 million in the fourth year, RM1.8 million in the fifth year of operation and RM2 million in the sixth year of operation. The life span of the AI application is expected to be six years and the companys target is to generate profit not later than fourth year. The new AI application has an estimated residual value of RM100,000 and will be depreciated on straight line basis. As the company is granted a special tax-free status by the government, it cannot claim any capital allowances on the cost of the capital investments. The companys nominal cost of capital is 10%. a) Assess the projects viability by computing its: i) Net Present Value (10 marks) ii) Internal Rate of Return (5 marks) iii) Discounted Payback Period (3 marks) iv) Accounting rate of return (3 marks) b) Advise the management on