730 Te 15 A company is considering two mutually exclusive investment projects. Each requires an initial investment of $35.000 Project will generate an annual profit of $7,000 for eight years and have a residual value of $6.000. Project 8% profits are more inegue: $17.300 in the first year, $21.300 in the fth year and $27.300 (including the residual values in the eight year Which project should be chosen if the required return on investment is 95% compounded annually TICKE should be chosen Project 1 Maject V Help Save & Ext