QUESTION FOUR a) Discuss the important considerations when undertaking investment appraisal and why organization make investment decisions. (10 marks) b) A mining company is evaluating two projects. Mukango Project requires K150 million cash outlay, and Chulu Project also requires K150 million. The company can only undertake one project as it does not apply capital rationing. Each project will last 10 years and the cash flows for each year are as follows. Years Mukango Project 1 K5, 050,000 Chulu Project K11, 345 000 K23, 250,000 2-10 K19,500,000 The company's cost of capital is currently 8.5%. Evaluate the two projects and advise the company about the viability of the two projects. (8 marks)