Rati Enterprises is considering investing in either of two mutually exclusive projects. Cash flows associated with the two independent investments are given below. The risk-free rate is 8% and the risk premium is 2%. Project A Year Cash flows Certainty equivalents 0 R 400 000 1.00 1 R 200 000 0.90 2 R 160 000 0.80 3 R 120 000 0.60 4 R 100 000 0.50 5 R 100 000 0.40 Project B Year Cash inflows Certainty equivalents 0 400 000 1.00 1 205 000 0.90 2 160 000 0.80 3 120 000 0.60 4 100 000 0.50 5 100 000 0.40 Cash inflows are discounted at the risk-free rate of 9%. REQUIRED 1.1 Use the concept of risk and cash inflows to calculate the NPV and IRR relating to the investment in project A. (