3. Please calculate NPV for both projects and clarify which project should be selected? (5 points) Project A Project B Initial investment - 120 000 (outflow) Initial investment - 180 000 (outflow) Net cash flow per year - Net cash flow per year - 1. 80 000 2. 100 000 1. 100 000 2. 130 000 3. 120 000 3. 210 000 4. 140 000 4. 190 000 Required rate of return for the first 2 years - 2% Required rate of return for the first 2 years - 2% Required rate of return for the second 2 years - 5% Required rate of return for the second 2 years - 5%