Rania Company has $130,000 to invest and wishes to evaluate the following three projects. Years A ($) B ($) C ($) 0 (50,000) (40,000) (70,000) 1 20,000 20,000 10,000 2 20,000 15,000 20,000 3 20,000 10,000 30,000 4 20,000 5,000 15,000 cost of capital 15% 15% 15% Required: Which project(s) would you recommend using: a. Payback Period (PP) in nominal and discounted values. b. Net Present Value (NPV) c. Profitability Index (PI) d. The internal rate of return (IRR) (hint: use 2% or 25%)\