PT DEA is considering two alternative proposals. WACC and 10%. The following is the financial data needed to provide recommendations to PT DEA management (in millions of Rupiah):

Tahun	Project #1	Project #2
0	-400	-600
1	55	300
2	55	300
3	55	50
4	225	50
5	225	49

Based on this information you are asked to:

a. Calculating the net present value (NPV) of Project #1 and Project #2

b. Recommend the project that PT DEA should choose if the two alternative projects are mutually exclusive.

c. If the two alternatives are independent projects, will your recommendation to PT DEA change? Why?