Parag is evaluating $3$ options for investment of his surplus money of Rs$.5,00,000/-$ for

a period of $5$ years.

i$.$ Invest it in a FD which gives him a return of $8\%$ compounded quarterly.

ii$.$ Invest in a Corporate Deposit at a rate of $7\%$ compounded monthly.

iii. Invest it in a Business Proposal which gives him the following returns.

Considering the risk involved, the discounting factor is considered @$10\%.$

As his finance advisor which option would you suggest him. Provide reasons.

Year CF

$11,50,000$

$23,20,000$

$33,45,000$

$42,75,000$

$52,15,000$