Question 3: Capital Budgeting Suggested time: 30 minutes Sanctuary company is considering investing in humanoid robots. Asume that the expected annual cash inflows from the investment will be $100,000. A $300,000 net initial investment is required and the project has six-year useful life and 16% required rate of return. Assume that the investment will occur immediately after management approves the project a. For making decision on whether to approve or reject the project, compute the Net Present Value (NPV) of this new investment and analyze whether it will be accepted or rejected and why. (10 marks) b. To determine a rate at which NPV will be zero (or approximately zero), compute Internal Rate of Return and analyze the result. (10 marks)