KLM limited is considering the following investment projects

Projects	Cash flows
	CF at year 0	CF at year 1	CF at year 2	CF at year 3
A	(10,000)	10,000
B	(10,000)	7,500	7,500
C	(10,000)	2,000	4,000	12,000
D	(10,000)	10,000	3,000	3,000

a) Rank the projects according to each of following methods (i) Payback (ii) Accounting rate of returns (iii) Internal rate of returns IRR (iv) NPV Assuming discount rate of return at 10% and 30%

b) Assuming projects are independent which one should be accepted? If projects are mutually exclusive which project would be recommend