4. Net Present Value - Campbell Industries has four potential projects all with an initial cost of $1,500,000. The capital budget for the year will only allow Swanson industries to accept one of the four projects. Given the discount rates and the future cash flows of each project, which project should they accept? Cash Flows Project ( Project R Projects Project T Year one $350,000 $400,000 $700,000 $200,000 Year two $350,000 $400,000 $600,000 $400,000 Year three $350,000 $400,000 S500,000 $600,000 Year four $350,000 $400,000 $400,000 $800,000 Year five $350,000 $400,000 $300,000 $1,000,000 Discount Rate 4% 8% 13% 18% 5. Internal Rate of Return -- Internal Rate of Return - What are the IRRs of the four projects for Campbell Industries in problem #4