Short Form Case Situation: Bancroft Inc., is considering three capital investment opportunities and is closely examining risk associated with these investment opportunities. All three investment opportunities require USD 10 Million and have a useful life of 4 years. Project 'Alpha' will produce USD 3.5 million in cash inflows over the useful life of the project, whereas Project 'Delta' will produce USD 2.5 million of cash inflows over its useful life; Project 'Echo' will produce USD 6.5 Million in cash inflows during year 1 of the useful life followed by USD 3 Million in year 2 and year 3 and USD 1 Million in year 4. Cost of capital is 12%. Required: a) Calculate NPV all the projects assuming risk analysis demand increasing cost of capital to 14%, 15% and 16% respectively. b) In light of your calculations in part 'a' above, which project comes out to be most resilient? c) If three projects were mutually exclusive, which project do you think the company would accept? d) From risk perspective, what other possible techniques can be applied by to assess financial and economic viability of all the three investment cases that are mentioned above? Briefly explain these techniques that you think are relevant and apply one such technique showing calculations