QUESTION 3: CAPITAL BUDGETING (30 MARKS] Swee Rien Roofing Materials, Inc., is considering two mutually exclusive projects, each with an initial investment of RM 1,500,000. The company's board of directors has set a maximum 4-year payback requirement and has set its cost of capital at 9.50 percent. The cash inflows associated with the two projects are shown in the following table. Year Cash inflows (CF) Project A (RM) 450,000 450.000 550,000 400,000 450,000 450,000 Project B (RM) 750,000 600,000 300,000 350,000 250,000 300,000 4 a) Find the payback period for each project. (6 marks) b) Calculate the NPV of each project at 9.50 percent. 17 marks) c) Compute the Profitability Index. (5 marks) d) Derive the IRR of each project. (4 marks) e) Rank the projects by each of the techniques used. Make and justify a recommendation (8 marks) -0000000