1 Three projects have been identified for possible implementation by a company that makes furnaces having an allocation of $70,000 for the next year. Any or all three may be ?accepted from the table given below. Based on PW method, which of these independent investments are financially acceptable at a 12% per year expected return Salvage ,Value $ 3,000 4,000 8,000 Project Annual Net ,Cash Flow Year/$ 6,000 7,800 16,000 Expected ,Life Years 9 Initial Investment $ 32,000 40,000 75,000 P 9 Q 9 R