Two (15 Marks) XYZ Corporation is considering investing in a highly volatile project in the tech industry. The project involves developing a new software product whose initial investment is KES 2,000,000. However, due to the unpredictable nature of the industry, there is considerable uncertainty regarding the cash flow projections. XYZ Corporation estimates three possible scenarios for the project's cash flows: Scenario 1 (Optimistic): Year 1: KES 400,000 Year 2: KES 800,000 Year 3: KES 1,200,000 Year 4: KES 1,600,000 Year 5: KES 2,000,000 Scenario 2 (Expected): Year 1: KES 300,000 Year 2: KES 600,000 Year 3: KES 900,000 Year 4: KES 1,200,000 Year 5: KES 1,500,000 Scenario 3 (Pessimistic): Year 1: KES 200,000 Year 2: KES 400,000 Year 3: KES 600,000 Year 4: KES 800,000 Year 5: KES 1,000,000 Required: a) Calculate the Internal Rate of Return (IRR) for each of the three scenarios. (12 marks) b) Considering the uncertainty in cash flow projections, propose a risk management strategy that XYZ Corporation could employ to mitigate the risks associated with the project