QUESTION FOUR The following data relate to a well-known contracting firm. The company has two mutually exclusive projects Project A and Project B. The former project will cost K70,000 while the latter will cost K90,000. Each of the projects is expected to run for four years. During the above projects' lifecycles, the cost of money is expected to be 18% while the cash inflows will be as given in the table below; Year Project A Project B 1 K30,000 K50.000 2 K40,000 K40.000 3 K30,000 K80.000 4 K20,000 K30,000 However, Project B will have a cash outlay of K50,000 in year three. Which project makes more economic sense? (14 Marks) (b) Distinguish between Critical Path Method (CPM) and Programme Evaluation and Review Technique (PERT) as methods for project scheduling giving three points for each. 16 Marks