Question 3 Lala Corporation is evaluating two (2) mutually exclusive projects. The cash flows in RM of each project are as shown below: Year 0 1 2 3 5 Project A (500,000) 100,000 50,000 Project B (600,000) 250,000 150,000 250,000 200,000 250,000 250,000 250,000 250,000 a. Compute the length of time it takes to recover the cost for both project? (4 marks) b. Calculate the net present value of each project at 10% annual rate of return. (6 marks) c. Based on your evaluation in (a) and (b) which project should be chosen. Justify your answer. (3 marks) d. Calculate the internal rate of return of the chosen project by using interpolation techniques. (6 marks) e. Elaborate two (2) main criteria that distinguish a mutually exclusive projects and independent projects. (6 marks) [Total: 25 marks]