Question 3 (8 marks) For each of the following statements / claims, explain clearly whether it is true or false by using words or mathematical expressions. (a) Both the decision criteria of net present value and internal rate of return will always produce the same capital budgeting decision for mutually exclusive projects. (1 mark) (b) A whole life assurance contract will always pay out life-contingent benefits. (1 mark) (e)ms=) = 726= where 8 denotes the constant force of interest. (2 marks) (d) Consider a stream of annual cash flows payable in arrears in the form of {1,2,3,...,1-1,1,n - 1,...,3,2,1} For example, the cash flow at the end of year 1 is $1, at the end of year n +1 is $n-1 and at the end of year 2n - 2 is $2. The present value at time 0 of this cash flows stream can be expressed as v(n) (4 marks)