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The table below gives the estimated cash flow for three different projects your company is planning on embarking. The estimate are depicted in South African

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The table below gives the estimated cash flow for three different projects your company is planning on embarking. The estimate are depicted in South African Rand Year 0 1 2 3 4 5 Project 1 ROI = - R 250 000.00 + R 40 000.00 + R 70 000.00 + R 80 000.00 + R 50 000.00 + R 70 000.00 Project 2 -R 260 000.00 +R 80 000.00 +R 100 000.00 +R 80 000.00 + R 15 000.00 + R 15 000.00 O a. Project 1 O b. Project 2 O c. Project 3 O d. None of the projects Project 3 Table 1 Using the information presented in the above table, perform project evaluation calculations and answer the following questions. Consider using the below formula for calculating ROI Average Annual Profit - R 280 000.00 + R 20 000.00 + R 100 000.00 + R 50 000.00 + R 60 000.00 + R 100 000.00 x 100 Total Investment Which one of the three projects would you recommend based on the ROI calculation

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