Mindful Computing is considering an investment of RM2.3 million in new equipment. The estimated cash inflows and outflows are:

Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Cost of investment 2,300,000 Inflows 800,000 1,000,000 1,200,000 1,100,000 900,000 Outflows 300,000 250,000 300,000 400,000 500,000 An alternative investment is for RM2 million and the estimated cash inflows and outflows being: Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Cost of investment 2,000,000 Inflows 700,000 900,000 1,100,000 1,000,000 800,000 Outflows 300,000 250,000 300,000 400,000 500,000 Mindful depreciates its equipment over 5 years and uses a minimum required rate of return of 12%. a. For each of the investment alternatives, calculate the