Question 1 (Appraisal of Investment Projects) Chevron Aqua Technologies has four separate projects it can pursue over the next several years. The initial investment and the anticipated cash flows over the expected lives of the project are estimated by the Project Engineering Department, and are given in Table 01. Life, Years Project Initial Investment Annual Net Cash (RO) Flow (RO) AT7900 3880 16000 2950 5000 2080 12000 5040 colo Table Q1 (a) Evaluate each of the four projects based on the present worth method of comparison assuming 6% interest rate compounded quarterly. Based upon the evaluation suggest the best project which is to be implemented. (10 Marks) (b) Determine the best investment for the company if the projects are compared based on future worth method, if the annual interest rate is 6% and the interest is compounded quarterly. (10 Marks) (c) At an annual interest rate of 6% compounded quarterly, evaluate the four projects based on annual equivalent method of comparison and select the best project based on the evaluation. (10 Marks) (d) Calculate the rate of return of each of the four projects and suggest which project is to be selected (10 Marks)