T4(c,d)- Please solve this question with all steps required. Many thanks. Task 4 (Comparison of Alternative Assessments)Galfar Industries is planning to modernize its production facility. The company has identified threedifferent technologies which could help them meet this goal. The cash flows associated with thesethree technologies are summarized in Table 4.Expected ProjectLife(in years)Initial Outlay (RO) Annual Revenue(RO)Technology 1Technology 2Technology 31900032302300032201442000672011Table 4(c) At an annual interest rate of 9%, evaluate the alternative investments based on annualequivalent method of comparison and select the best technology based on the evaluation.(d) Calculate the rate of return of each of the three technologies and suggest which technologyis to be implemented.

(c) Net Present Value (NPV) is the value of a project or asset calculated by the difference of…

Task 4 (Comparison of Alternative Assessments) Galfar Industries is planning to modernize its production facility. The company has identified three different technologies which could help them meet this goal. The cash flows associated with these three technologies are summarized in Table 4. Initial Outlay (RO) | Annual Revenue Expected Project Life (RO) (in years) 9. Technology 1 Technology 2 Technology 3 19000 3230 23000 3220 14 42000 6720 11 Table 4 (c) At an annual interest rate of 9%, evaluate the alternative investments based on annual equivalent method of comparison and select the best technology based on the evaluation. (d) Calculate the rate of return of each of the three technologies and suggest which technology is to be implemented.