Need Help answering these questions from Engineering Economics. Thanks.

abe x2 X Hea Font Paragraph QUESTION 2 [30 MARKS] TNC Steel Ltd wants to build a warehouse at Bangi area. The company has identified four different location options. Information concerning the initial outlays and the annual net cash flow estimates are detailed in table below. The company uses1 10g MARR to evaluate the options. Option P Option Q Option S Option T Initial outlay year 0 (RM) 200,000 -275,000 -190,000 320,000 Cash flows year 1 (RM) 24,000 48,500 35,000 78,000 Cash flows year 2 (RM) 33,000 48,500 36,100 78,000 Cash flows year 3 (RM) 42,000 55,900 42,700 78,000 Cash flows year 4 (RM) 51,000 55,900 49,000 78,000 Cash flows year 5 (RM) 60,000 63,300 56,400 78,000 Cash flows year 6 (RM) 69,000 63,300 59,700 78,000 Cash flows year 7 (RM) 78,000 63,300 61,000 78,000 Net present worth (RM) 22,779 ? 47,552 (a) Using Present Worth Method, determine which options should be considered for further analysis and which should be eliminated? Show all your workings. [10 Marks] ( b ) Using the Incremental Investment Rate of Return analysis, determine which project you should select. Show your workings accordingly (Hint: You can use either 12% or 18% discount rate). [16 Marks] (c) Calculate the incremental IRR for the project you have selected in (b). [4 Marks] glish (United Kingdom)