Your Lily Bakery Co$.$ Chief Financial Officer is working on Capital Budgeting and requested you to analyse $3$ projects or investments for the company.

The initial cash outlay is RM$8,000$ and your forecasted future cash flows for the $3$ projects are as follows:

$\backslash$table$[[$Year$,$Project AR$,$Project BR$,$Project CR$],[$Year $1,2000,1000,3000],[$Year $2,2000,3000,2000],[$Year $3,2000,3000,4000],[$Year $4,2000,4000,5000],[$Year $5,2000,5000,6000]]$

calculate:

a$)$ Which project would you choose and why? Analyze and elaborate.