11. You are considering the following two mutually exclusive projects. The required rate of return is 14.6 percent for project A and 13.8 percent for project B. Which project should you accept and why? Year Project A 50,000 24,800 36,200 21,000 Project B 50,000 41,000 20,000 10,000 A. project A; because it has the higher required rate of return B. project A; because its NPV is about $4,900 more than the NPV of project B C. project B; because it has the largest total cash inflow D. project B; because it has a shorter payback period E. project B; because it has the lower required rate of return 12. What is the NPV of Project A from question 15? A. S39,000 B. S69,000 C. S56,285.87 $30,000 None of the above E. 13. An investment project provides cash flows of $900 per year for 10 years. Assume the required rate of return is 10% for this level of risk. If the initial cost is $8,000, what is the payback period? A. 3.36 years 5.28 years C. 6.72 years E. Never 14. Which of the following represents a use of cash? (Choose all that are correct) 8.88 years I Decrease in inventory II Increase in accounts receivable III Decrease in cash IV. Decrease in accounts payable