Question 3 (a) Financial evaluation is an import step in the project management. () Explain what is meant by Cost Benefit Analysis and, using two project examples, discuss benefits of such analysis. [2 marks] (1) Discuss the advantages and disadvantages of three techniques used for project investment appraisal. [4 marks] (ii) Projects A and B are competing for funds. With an original investment of 1,000 and returns given in Table Q3, determine using appropriate project financing evaluation techniques whether the company PTO 4 should choose projects A or B? Provide calculations to justify your recommendation. Use 10% discount rate in your calculations. Table Q3 - Table of project returns Project A Project B Year 1 200 0 Year 2 500 0 Year 3 400 700 Year 4 0 700 Year 5 500 500 [7 marks)