Q2. (a) What is Internal Rate of Return? (3 marks) (b) Calculate the internal rate of return for the following three projects if their net cash flows and cost of capital are tabulated as follows: Year- 02 2 14 22 32 Project A (in $1,000)- Project B (in $1,000)- Project C (in $1,000) -60+ -902 -100- 152 24- -102 152 212 102 152 18+ 30- 15+ 15e 50- 152 122 70- 15+ 92 02 152 02 0- (9 marks)- 42 52 62 72 (c) Based on the result calculated in Part (b), determine which project should be selected. (2 marks) + (d) Evaluate again which project is the best if now the cost of capital to finance the option is 5%. (2 marks) (e) In the question, is there any project should not be selected and why