9. A company is considering two mutually exclusive competing projects, A and B, each requiring an up-front outlay of $1 million. The expected future cash flows associated with each of the projects ($'000, stated in nominal terms), along with the annual expected inflation rates, are as follows: Year Project A Project B Inflation 1 400 0 5% 2 250 100 5% 3 600 800 4% 4 300 950 3% The company's real cost of capital is 10%. Calculate the net present value of the projects and advise the company of the appropriate capital investment decision