OGDCL is considering three project (A,B & C) for exploration of reserves in different area of Pakistan. The information regarding the Cash flow are given below:

Evaluate each project on the basis of Capital Budgeting techniques. Analysis each project through payback period, Net present value (if Discount rate is 12 %), internal rate of return (if hurdle rate is 21 %) and Profitability index.

Period 0 1 2 3 4 5 Project Alpha Rs. 200 Million 63 30 32 31 42 39 20 29 11 15 Project Brace - Rs. 180 Million 34 32 26 35 23 23 29 15 19 31 Project coal - Rs. 240 Million 44 53 67 30 54 55 26 19 13 40 6 7 8 9 10