please provide calculation steps one by one. answer all the questions

QUESTION 4 (25 marks) (a) The funds that businesses have to invest are finite by nature, yet there are always ample opportunities for how to invest them. Capital budgeting allows managers to use method to allocate scarce capital to such investments in the most value accretive manner. Explain THREE (3) types of capital budgeting techniques. (6 marks) (b) Mr Razique Noor is a financial analysist for Delux Bernux Corporation. The CEO of company requested him to analyze two mutually exclusive projects; Morita XX Project and Mindmark YY Project. The relevant cash flows for both projects are shown in the following table. The firm's cost of capital is 6 percent. Initial investment (CF) Year 1 2 3 4 5 Morita XX Mindmark YY Project Project RM450,000 RM400,000 Cash Inflows RM120,000 RM90,000 RM120,000 RM100,000 RM120,000 RM110,000 RM120,000 RM120,000 RM120,000 RM130,000 Calculate; (a) Payback Period (4 marks) (b) Net Present Value (10 marks) (c) Profitability Index (3 marks) (d) Briefly explain the best project that Delux Bernux Corporation should consider. (2 marks)