1 Fraiser International has decided to purchase a pressing machine for Rs. 1,000,000. The machine is expected to generate a cash flow of Rs. 25,000 per month and requires a monthly cost of Rs. 8,000 to run. The expected useful life of the machine is 15 years with no salvage value. The discount rate is 8%. Please calculate NPV and advise Fraiser International about WHY they should invest or reject the project. Explain the concept of Internal Rate of Return? What does IRR of 20% per year represent for an investment opportunity you are considering to invest? Calculate Internal Rate of Return by Trial & Error using data from Question No. 2.1.(Show at least 3 attempts) Q2.6 Arrange the Projects in Question 2.4 based on their profitability index (PI). How profitability index helps financial manager make better investment decision? (0.5 Mark)