$($ii$)$ For Project C and D$,$ Mr Tam is interested in using Net Present Value. The information for both projects are as follows: Table $1$: Projected Cash Flow $($SG$$)$ for Project C and D Project C Project D Year Inflow Outflow Year Inflow Outflow $0$ $$150,0000$ $$100,0001$ $$50,0001$ $$60,0002$ $$40,0002$ $$50,0003$ $$40,0003$ $$60,000$ Mr Tam indicates that the projects must earn a minimum of $14\%$ annually and must consider an inflation rate of $2\%.$ Assemble a Net Present Value analysis for each project following the Excel output format found in page $43,$ Larson and Gray $(2020).$ Discuss which project shall be implemented using this method and give one $(1)$ reason if Mr Tam should consider this project or not.