KDI Investments Lid. is considering two 3-year investment projects with cash flows as follows: Project Cash Flows (E) Year 0 Year 1 Year 2 Year 3 A +250,000 -95,274 -95,274 -95,274 B -300,000 +118,530 +118,530 +118,530 a) The company cannot decide on the cost of capital therefore would like to use the Internal Rate of Return (IRR) to help make investment decision. Which project appears to be more attractive based on your calculated IRR? Explain why? (3 marks) b) Suppose that the firm has finally agreed that the cost of capital is 10% and would like to use the Net Present Value (NPV) to choose between the projects. Which project should the firm take? Explain why? (3 marks) c) Evaluate the investment decisions based on your answers to question a) and b). (4 marks)