Question Four a) Project implementation is a cycle within the project life cycle. Discuss the stages of project implementation. (8 marks) b) A project has the following cash-flows: Year Cash Flows (Kshs) -800,000 0 200,000 2 250.000 3 250,000 4 300,000 Assuming a weighted average cost of capital of 10 percent, evaluate the projects financial viability using NPV and payback period is the project viable? (10 marks) What are the advantages and disadvantages of conducting evaluations extending? (7 marks) (9 marks) Question Slx a) Third world countries implement more of the social development than industrial and business development projects among second and first world countries respectively. Why is this case? Discuss. (12 marks) b) The data for a small PERT project is given below, where (a) represents optimistic time, (m) represents most likely time and (b) represents pessimistic time estimates, (in days) for activities A, B, C, D,E,F,G, H, I, J and K. Activity (a) 3 2 6 2 5 3 (m) 6 5 12 F G H (b) 15 14 30 8 17 15 27 7 28 9 12 6 9 3 1 4 4 19 2 4 1 2 Precedence relationships are as follows: 1) A B C can start simultaneously II) A