a. Company Xin Xin is considering these two mutually exclusive projects which require an initial outlay of RM135,000. Below is the cash flow expected from each project. The cost of capital is 15 percent. Perdana Project Year Putra Project 1 RM 38000 2 RM 38000 3 RM 38000 4 RM 38000 5 RM 38000 RM30000 RM35000 RM39000 RM48000 RM50000 i. Calculate the payback period for each project ii. Calculate the Net Present Value for each project iii. Calculate the Probability index for each project (6 Marks) (6 Marks) (3 Marks) b. Azmin plans to put aside RM5000 per year so he can make a nice down payment on BMW car in six years' time. If he makes the payment at the end of each year and earn 8% on his deposit, calculate the total amount he will have at the end of six years. (5 Marks) c. Calculate how much should Arun have to save today in order for him to receive RM1000 each year forever if he can earn 8percent per annum. (5 Marks) d. Mahesh, who has been married for 23 years, would like to buy his wife an expensive gold necklace on their 30 years wedding anniversary. Assume that the cost of the necklace will be RM12000 in seven years. Mahesh currently has RM4510 to invest. Calculate the annual rate of return must Mahesh earn on his investment to accumulate enough money to pay for the necklace. (5 Marks) (Total: 30 Marks)