Please provide steps/formulas (no excel calculations)

4 MBA5903 OCTOBERINOVEMBER 2016 [20 marks] Using 14 per cent of the cost of caprtal calculate the NPV for each of the projects shown in the Question 5 following table and indicate whether or not each is acceptable Project A R 20 000 ash Inflows (CFt) R 3000 R 3000 R 3000 R 3 000 R 3 000 R 3 000 R 3 000 R 3 000 R 3 000 R 3 000 Project B ProjectCi Project R 600 000 R 150 000R 760 000 Project E R 100 000 Initial cash outflow (CFo) Year (t) R 120 000 R 18 888R 185 000 R 145 000 R17 000 R 185 000 R 170 000 R 16 000 R 185 000 R 190 000 R 15 000R 185 000 R 220 000 R 15 000R 185 000 240 000R 14 000R 185 000 R 13 000 R12000 | R 11 000 R 10000 R 0 R0 R 25 000 R 36000 R0 R 60000 R 72 000 R 84 000 6 R185 000 R185 000 10