Information: MB enterprises has R100 000 which it will invest if the investment

Information: MB enterprises has R100 000 which it will invest if the investment will earn it at least 15% per annum. Three projects are being considered each of which will cost R100 000 to commence:Project x would earn R112 000 at the end of the first yearProject Y would earn R126 000 at the end of the second year.Project Z would earn R59 000 at the end of the first year and R59 000 at the end of the 2nd year.Which project would you recommend to MB Enterprises? Substantiate your answer by showing relevant calculations that take into account the time vavlue of money