Your first assignment as a financial manager at Biru Pink Berhad (BPB) is to evaluate three projects. Since this is your first assignment, you have been asked not only to provide a recommendation, but also to answer to number of questions aimed at judging your understanding of the capital-budgeting process. The initial outlay for all the projects is RM1,250. The expected cash inflows from each project are as follows: Year Project Lily RM 250 250 1000 Project Tulip RM 500 600 700 Project Orchid RM 750 750 750 In evaluating these projects, you are required to answer the following questions. a. What is the Payback Period for each project? (3 Marks) b. Based on your answer in part (a), if BPB imposes a 3-year maximum acceptable payback period, which of this project/s should be accepted if these projects are independent project. Explain your answer. (2 Marks) c. Based on your answer in part (a), which of this project/s should be accepted if these projects are mutually exclusive project. Explain your answer. (2 Marks) d. Determine the Net Present Value for each project assuming a 15% required rate of return on these projects. (4 Marks) e. Based on your answer in part (d), which of this project/s should be accepted if these projects are an independent project. Explain your answer. (2 Marks) f. Based on your answer in part (d), which of this projects should be accepted if these projects are mutually exclusive project. Explain your answer. (2 Marks)