QUESTION 4 Invest in any or all of the four projects whose relevant cash flows are given in the following table. The firm has RM7,000,000 budgeted to fund these projects, all of which are known to be acceptable. Initial investment for each project is the same for all projects which is RM1, 600,000 . The rate of return for all projects is equivalent to 8%. \begin{tabular}{lrr} Year 1 & \multicolumn{2}{l}{ Operating cash outflow } \\ Cash Outflow & Project X & Project Y \\ RM1,600,000 (for each project) \end{tabular} Use this table for PROJECT X and Y Compute the following for each option. 1. The NPV for each projects 2. The ANPV for each investment projects 3. Payback period for all projects 4. Profitability index for all project 5. Recommend which projects is more favorable in terms of accept-reject or rankin decisions