Question $3(12$ Marks$)$Mirriam owns her own business. She has managed to save a lot of her income fromher business. She informed you that she only gets $4\%$ interest from the bank andwould rather like to invest her businesss money in a project. She found the followingopportunities:Project X Project YInitial Investment $($R$263158)($R$421053)$Cash Flow Year $1$ R$157895$ R$157895$Cash Flow Year $2$ R$131579$ R$184211$Cash Flow Year $3$ R$52632$ R$157895$The cost of capital is $15\%\mathrm{.}3\mathrm{.}1$ Calculate the net present value $($NPV$)$ of each project. Round off the PV to twodecimals before calculating the net present value for each year. $(10$ marks$)3\mathrm{.}2$ Advise your aunt which project will be the most beneficial an