Question 1 15 Marks Consider the following set of projects for valuation: Project B R 600 000 Project C R 150 000 Project D R 760 000 Project E R 100 000 Initial cash outflow (CFO) Year (t) 1 2 RO 3 4 Project A R20 000 Cash Inflows (CFt) R 3 000 R 3 000 R 3 000 R 3000 R 3000 R 3000 R 3 000 R 3000 R 3 000 R 3000 R 120 000 R 145 000 R 170 000 R 190 000 R 220 000 240 000 R 18 888 R 17 000 R 16 000 R 15 000 R 15 000 R 14 000 R 13 000 R 12 000 R 11 000 R 10 000 R 185 000 R 185 000 R 185 000 R 185 000 R 185 000 R 185 000 R 185 000 R 185 000 5 6 RO RO R 25 000 R 36 000 RO R 60 000 R 72 000 R 84 000 7 8 9 10 Required: Using 14 percent of the cost of capital calculate the NPV for each of the projects shown in the following table and indicate whether or not each is acceptable