The table below gives the estimated cash flow for three different projects your company is planning on embarking. The estimate are depicted in South African Rand Year Project 1 Project 2 Project 3 0 -R 150 000.00 -R 160 000.00 -R 180 000.00 1 +R 15 000.00 +R 13 000.00 +R 10 000.00 2 +R 20 000.00 +R 20 000.00 3 + R 50 000.00 +R 55 000.00 +R 15 000.00 +R 30 000.00 + R 60 000.00 +R 100 000.00 4 + R 50 000.00 +R 40 000.00 Table 1 + R 53 000.00 + R 30 000.00 5 Using the information presented in the above table, perform project evaluation calculations and answer the following questions. Q1 A project's Net profit is calculated by: 1. Adding total cash inflows to the initial investment 2. Deducting total expenses from total income 3. Adding total expenses to the initial investment 4. Deducting total cash inflows from total cash outflows Q2 What is the net profit of Project 1? 1. R 25 000.00 2. R 30 000.00 3. R 35 000.00 4. R40 000.00 Q3 What is the difference between the net profits of Project 3 and 2? 1. R10 000.00 2. R14 000.00 3. R18 000.00 4. R24 000.00