Warna Warni Berhad is considering three independent projects. The after-tax cash flows associated with each project are shown in the following table:

Year	Project Pink	Project Purple	Project Peach
0	RM(60,000)	RM(100,000)	RM(110,000)
1	20,000	31,500	32,500
2	20,000	31,500	32,500
3	20,000	31,500	32,500
4	20,000	31,500	32,500
5	20,000	31,500	32,500

From the above information, you are required to:

1. compute each projects net present value (NPV) if the cost of capital is 13%.

2. compute each projects NPV if the cost of capital is 20%.

3. using your calculation in part (a) and (b), compute each projects internal rate of returns (IRR).

d. from your calculation in part (a) and (c), indicate which project/s you would recommend to Warna Warni Berhad. Explain your answer