$(2$ point$)$ Two mutually exclusive projects have an initial cost of $$47,500$ each. Project A

produces cash inflows of $$25,300,$$$37,100,$ and $$22,000$ for Years $1$ through $3,$ respectively.

Project B produces cash inflows of $$43,600,$$$19,800$ and $$10,400$ for Years $1$ through $3,$

respectively. The required rate of return is $14\mathrm{.}70\%$ percent for Project A and $14\mathrm{.}90\%$ for Project

B$.$ Which project$($s$)$ should be accepted and why? Show your work. Round to the nearest $$0\mathrm{.}01.$

$(3$ points$)$ Suppose Apple is considering expanding its product line to include the new electric

car, iCar. The decision to expand will require $$20,000,000,000$ to build new plants, sales centers,

and a nationwide sales team. The company estimates it will generate $$300,000,000$ in sales in the

first $5$ years, followed by sales of $$1,500,000,000$ for the next $7$ years, and $$2,000,000,000$ for $13$

years after that. However, during each year operating costs will be $30\%$ of sales. In addition, every

$10$ years the firm will need to spend $$65,000,000$ to update its facilities. If the firm's required rate

of return is $16\mathrm{.}50\%,$ Compute the NPV of the project? Show your work. Round to the nearest

$$0\mathrm{.}01.$