Please show workings not just answer values.

Question 1: The following information about two mutually exclusive projects R and S are relevant for requirements 1(a) to 1(c) only. Max-W Company is considering investing in project R, which will require an outlay of $900 million. The project will have a four-year life and at the end of that time. the equipment will be scrapped. The project is expected to generate the following annual cash flows: Year 1 Year 2 Year 3 Year 4 Cash Inflows $690m $590m $570m $480m Cash Outflows $280m $220m $220m $200m The company has a required rate of return of 10.96%. The company normally has two-year payback criteria, The alternative project-S offers the following net cash flows: Year-O ($900m): Year-1 $250m: Year-2 $317m: Year-3 $441m and Year-4 $509m. Required: (a) Calculate the (i) NPV. (0) IRR. (i) PVL. (iv) Payback period. (v) Discounted payback period for projects R and S. (Show workings for each of them.) (b) Calculate the crossover rate (between projects R and S) based on the cash flow data mentioned above. Show the range of required rates for which either project-R or project-s would be preferred. (Show workings) (c) Based on your findings in requirements a and b above, what would be the decision of selection of project (when the required rate of return is 10.96 percent)? (Show workings) I