Question 3 Annex is considering four projects for investment, only one of which it can invest in. The cash flows from the projects are as follows: Year Project A Project B Project C Project D 0 -1,800,000 -2,200,000 -900,000 -1,600,000 1 700,000 800,000 370,000 600,000 2 800,000 800,000 300,000 500,000 3 600,000 600,000 250,000 500,000 4 200,000 400,000 150,000 300,000 5 200,000 300,000 100,000 200,000 The discount rate is 14%. Use the Discounted Cash flow, NPV and PI methods to determine which project is best for Annex to invest in. (14 marks) Also, explain the differences and similarities among the evaluation methods used. (6 marks)