70.000 20.000 Information on three different projects is given below. Calculate the net present values of the projects according to 4 years of period. For the project C, use the same salvage value at the end of the 4th year. Determine which project should be selected. Project A Project B Project C Initial Investment Cost ($) 40.000 80.000 Annual Operation Cost ($) 17.000 15.000 Major Maintenance (every 2 years) ($) 30.000 27.000 25.000 Salvage Value ($) 25.000 35.000 40.000 Annual Cash Inflow ($) 33.000 45.000 55.000 Economical Life (year) 2 Minimum Attractive Rate of Return 4% 6% 10% 4 6