HF Co is considering two different investment options investment A and investment B. Investment B requires an initial investment of $250000 and has a net present value of $40000 using a cost of capital of 10%. (a) Investment A generates the following cash flows. $'000 Initial investment 350 Incremental cash flows: Year 1 50 Year 2 110 Year 3 130 Year 4 150 Year 5 100 (i) Calculate the net present value of investment A using a 10% cost of capital (to the nearest $'000). (3 marks) (ii) Calculate the Internal Rate of Return (IRR) of the investment. (4 marks) (b) The directors have decided to ignore the IRR and focus on the NPV alone. Advise the company directors how they should choose between the two investments and what they should consider.