Question 3: (20 marks) Ranla Company has $130,000 to invest and wishes to evaluate the following three projects. Years B (5) A (5) C (5) 0 150,000) (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 SN 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 (RA) (hint: Use 2 of 25) Marks: (4+6+3+7) - 201