Question 1 You are evaluating a small project for your organisation. By making a change in the process at no cost, you will increase income by $600 each year over 5 years. Assume the money is received at the end of each year and the real discount rate is 3%, what is the NPV of this process change. O $2230 O $2598 $2165 O $2748Question 2 You are planning to purchase a 2nd hand car, run it for 3 years and sell it. You are considering 4 options. Option A: Purchase Price $2000; Resale after 3 years $800. Insurance $1500/yr, Fuel $500/yr, Service $500/yr. Option B: Purchase Price $4000; Resale after 3 years $2000. Insurance $800/yr, Fuel $400/yr, Service $200/yr. Option C: Purchase Price $3000; Resale after 3 years $800. Insurance $1500/yr, Fuel $450/yr, Service $500/yr. Option D: Purchase Price $2500; Resale after 3 years $800. Insurance $1500/yr, Fuel $800/yr, Service $800/yr. Using a real discount rate of 7% and assume that the purchase is made at the start of year 1, all costs are incurred at the end of the year and the resale is made at the end of the year. Which car should you purchase based on the information above? O Option D O Option B O Option C O Option A1.> A Click Submit to complete this assessment. Question 6 You are evaluating two options, Design A and Design B, for deployment at a remote site. The Design A can run on wind with a cost of $103/per day, but when no wind is present it must run on Diesel and the cost is $523 per day. Design B can run on wind with a cost of $178/per day (it is not so efficient as Design A on wind), but when no wind is present it must run on Gas (which is less expensive than diesel) and the cost is $318 per day. Considering that the probability of Wind is p = 0.55, what is the Expected value of the Design B . Calculate E (Design B | p =0.55 ) ? Round you answer to a whole number (0 dp)