Section II (Numerical questions): Answer All Questions Indicate stepwise calculations the following two projects [ 4Marks] (CLO4) the As Corporation is considering to take one of the projects with a discount rate of 14%; company tries to appraise Year Annual Cash flows Annual Cash flows for Alpha (AED) 000 for Beta (AED) 000 0 1 2 3 4 -25000 5000 10000 15000 20000 -25,000 20000 10000 8000 16000 Compute to indicate which project to be taken with the application of the given appraisal methods and support with appropriate explanations a) NPV b) ARR