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QUESTION THREE [25] Drexel Engineering needs to make a decision on investment between the two potential projects with cashflow information provided below. You are also

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QUESTION THREE [25] Drexel Engineering needs to make a decision on investment between the two potential projects with cashflow information provided below. You are also given that the two projects are mutually exclusive. 3.1. Calculate the NPV of each of the projects (round off to the nearest rand) 3.2. Calculate the IRR of Project B and round off your final answer correct to two decimal places (Hint: Begin your iteration at 18% discount rate) (9) 3.3. Which project is better based on the NPV? Support your

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