// Company Alfa is considering two projected, TM and MT. the expenditure (in RM million) for each projected is as follows; 4 5 3 1 Project TM Item/Year Machineries Transport Raw material Labor Others 0 10 3 1 2 3 15 7 2 1 1 13 8 1 16 8 17 11 16 18 11 16 8 10 12 0 5 1 2 4 3 1 4 Project MT Item/Year Machineries Transport Raw material Labor Others 8 3 3 3 14 11 14 2 16 10 12 19 1 17 12 16 13 18 20 14 20 The projected income for the project is as follow, Project TM Project MT Total Income RM250 mil Total income RM300 mil Advance payment 20% Advance payment 20% Beginning Year 2 20% End year 2 40% Beginning Year 3 20% 40% Beginning Year 4 20% End project 20% End project Cost of capital 10% You are required to revise the cash flows for the above projects and determine which project is to be selected using Net Present Value technique (12 marks)