Our CEO is looking to increase our future value by investing in RnD. Here are few RnD Projects being considered. Your job is to make sure that we invest in the projects that are projected to bring us the BEST returns. Note: A project with negative NPV will be deemed TOTAL FAILURE and will be written off as expense Required rate of returns : 20%

Calculate in Excel each of the below NPV

Project B Investment Research Expenditure 740,000 (AUD) Development Expenditure 280,000 (AUD) Budgeted years 8 Evaluation day (after investing) 15 Projected Inflow Year 1 Projected Inflow 650,000 (AUD) Year 2 Projected Inflow 1,287,000 (AUD) Year 3 Projected Inflow 1,430,000 (AUD) Year 4 Projected Inflow 1,378,000 (AUD) Year 5 Projected Inflow 1,261,000 (AUD) Year 6 Projected Inflow 1,268,000 (AUD) Year 7 Projected Inflow 1,411,000 (AUD) Year 8 Projected Inflow 1,209,000 (AUD)Project C Investment Research Expenditure 350,000 (AUD) Development Expenditure 300,000 (AUD) Budgeted years 8 Evaluation day (after investing) 15 Projected Inflow Year 1 Projected Inflow 200,000 (AUD) Year 2 Projected Inflow 366,000 (AUD) Year 3 Projected Inflow 342,000 (AUD) Year 4 Projected Inflow 398,000 (AUD) Year 5 Projected Inflow 390,000 (AUD) Year 6 Projected Inflow 396,000 (AUD) Year 7 Projected Inflow 348,000 (AUD) Year 8 Projected Inflow 362,000 (AUD)Project E Investment Research Expenditure 450,000 (AUD) Development Expenditure 150,000 (AUD) Budgeted years 7 Evaluation day (after investing) 15 Projected Inflow Year 1 Projected Inflow 350,000 (AUD) Year 2 Projected Inflow 679,000 (AUD) Year 3 Projected Inflow 693,000 (AUD) Year 4 Projected Inflow 676,000 (AUD) Year 5 Projected Inflow 578,000 (AUD) Year 6 Projected Inflow 669,000 (AUD) Year 7 Projected Inflow 634,000 (AUD)