QUESTION ONE I Morning limited is evaluating suitability of three projects whose costs are the same bi cash flow patterns and number of years to utilize the machine are different. The cas flows for the three projects ; Cee Dee and Eee are given below. The company usin 10% as discounting rate. YEAR E D Sh. Sh. Initial investment -500,000 0 0 0 0 0 500,000 500,000 500,000 500,000 1 2 3 4 5 6 7 8 9 10 Annual cash flows -500,000 12,500 37,500 75,000 125,000 125,000 125,000 125,000 125,000 125,000 125,000 Required. i) Compute the projects' payback period, net present value and internal rate of return Based on solutions to i) rank the three project in order of suitability and explain your rationale in the ordering. ii)