Your first assignment as a financial manager at Biru Pink Berhad (BPB) is to evaluate three projects. Since this is your first assignment, you have been asked not only to provide a recommendation, but also to answer to number of questions aimed at judging your understanding of the capital-budgeting process. The initial outlay for all the projects is RM1,250. The expected cash inflows from each project are as follows: Year Project Lily RM 250 250 1000 Project Tulip RM 500 600 700 Project Orchid RM 750 750 750 1 2 3 In evaluating these projects, you are required to answer the following questions. d. Determine the Net Present Value for each project assuming a 15% required rate of return on these projects. (4 Marks) e. Based on your answer in part (d), which of this project/s should be accepted if these projects are an independent project. Explain your answer. (2 Marks) f. Based on your answer in part (d), which of this project/s should be accepted if these projects are mutually exclusive project. Explain your answer. (2 Marks)