The Laguna Property Berhad is considering two mutually exclusive investments 5 years from now. The investments involved two new cities development namely as I-City and V-City. The following are the expected cash flow : Year 0 1 2 3 4 S Expected Cash Flow (million) I-City V-City -300 -550 150 -120 150 350 150 200 150 350 150 150 The expected cost of capital for both projects are 13% Based on the table above: a) Construct NPV profiles for both projects of l-City and V-City. Clearly show the calculation for each period. (10 Marks) b) Calculate the payback period and discounted payback period for both projects and justify your answer. (6 Marks) c) Cakulate the Profitability Index for both projects. (4 Marks) d) Calculate Modified Internal Rate of Return for both projects using excel (shows the screenshot of the process of deriving the answer). (2 Marks) e) Based on question a), b), c) and d), explain which project should be accepted by Laguna Property Berhad to invest