Q3 Use the net present value technique to evaluate the following two projects and advice management on which one to choose. Use a discount rate of 15.5%. YEAR PROJECT 0 1 2 3 (120,000 40,500 32,500 64,500 38,500 PROJECT B (120,000) 51,000 45,000 18,600 17,000 X Your PVIF should be approximated to 4 decimal places. (RUBRICS: question 3 carries 2 marks for each project. Total marks are (2+2=4) Page 5 of 6 Focus English (United States)