Project A: Project A involves the development and launch of a new smartphone model with advanced features. The project requires an initial investment of 81.5 million. The expected cash ows over the next ve years are as follows: Year 1: 3400.000 Year 2: 5600.000 Year 3: 5700.000 Year 4: 5800.000 Year 5: 8900.000 The company's cost of capital is 10%. Project B: Project B focuses on expanding Bastec Electronics' production facilities to meet the growing demand for their products. This project requires an initial investment of $1 million. The projected cash ows for the next five years are as follows: Year 1: 8600.000 Year 2: 8700.000 Year 3: 5900.000 Year 4: 81.200000 Year 5: 81500000 The cost of capital for the company is 11%. Tasks: 1. Calculate the net present value (NPV) for both Project A and Project B. (6 marks) I4 Determine the profitability index (PI) for both projects. (3 marks) 3. Evaluate the internal rate of return (ERR) for both projects. (3 marks) 4. Based on your analysis. provide a recommendation to the management team regarding which project to pursue and justify your decision