Question 3: (20 marks) Rania Company has $130,000 to invest and wishes to evaluate the following three projects. Years A (5) B (5) C( 0 (50,000) (40,000) (70,000) 1 20,000 20,000 10,000 2 20,000 15.000 20,000 3 20,000 10,000 30,000 4 20,000 5,000 15.000 cost of capital 15 15 15 Required: Which project(s) would you recommend using a Payback Period (PP) in nominal and discounted values b. Net Present Value (NPV) Profitability Index (PI) d. The internal rate of return (IRR) (hintsuse 2% or 25%) Marks: (46+3+7) - 20