Question: 5 . ( 2 point ) Two mutually exclusive projects have an initial cost of $ 4 7 , 5 0 0 each. Project A

5.(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 14.70% percent for Project A and 14.90% for Project B. Which project(s) should be accepted and why? Show your work. Round to the nearest $0.01

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