table pvif, pvifa ONLY can be used in interpolation method to find YTM. Can use Vb formula as well. To find Vb, pls use formula.

Klip-klip Corporation is a real estate investment trust (REIT) company and it's a well established and incorporated since 10 years ago. Currently the firm is plan to have two projects that would be developed in Golden Triangle, Kuala Lumpur as Project A and another one is in Iskandar Puteri, Johor Bahru as Project B. Both projects takes for 4 years and and initial outlay for both are RM10,000. The firm's cost of capital is 12%. Cash flow for Project A in Year 1 is RM6,500, Year 2 and Year 3 is RM3,000 and Year 4 is RM1,000. Cash flow for Project B are RM3,500 for Year 1 to Year 4. Required: a. Calculate each project's NPV, IRR and discounted payback. (12 marks) (CLO2:PLO6:C4) b. Criticise if the firm should accept project A if they are independent project. (3 marks) (CLO2:PLO6:C6)