Student Name and ID Class a) Give eight differences between the rights of preference shareholders and common shareholders Question 1: Answer followings 10 Marks b) Explain types and right of preference shares c) Give five differences between debts and equity. Question 2: Investment Appraisal 7 marks 8 marks 25 Marks Vin Group uses a 12% interest rate for all capital expenditures and has done the following analysis for projects for the upcoming year: Project 1 Project 2 Project 3 Project 4 Initial capital outlay $200,000 $298,000 $248,000 $272,000 Annual net cash inflows Year 1 65,000 100,000 80,000 95,000 Year 2 70,000 135,000 95,000 125,000 Year 3 80,000 90,000 90,000 90,000 Year 4 40,000 65,000 80,000 60,000 a) You are required to select one of the above projects using Payback Period; and Net Present W (20 Marks) b) How many project(s) company should undertake using NPV if it has 600,000 fund available (5 Marks)