(A Capital Budgeting Problem (Past Homework Question)). Four different projects with varying cash flows are available, as shown in the table below: Project A Cash flow ($) 2015 2016 2017 -1,000 600 600 -1,000 1,100 0 0 -1,000 1,250 -1,000 0 1,300 B C D At the beginning of 2015 and 2016, $1,000 will be available (each) to invest, and no other funds should be used for investment in the projects. In addition, no more than $500 can be invested in project B. Assume that the annual interest rate, r is 8%. Note: Net Present Value: You need to discount each of cash flows back to the present using a discount factor based on the interest rate. Note that: $1.00 today $1.00+ 0.10($1.00) = $1.10 one year from now. Thus, $1.00 one year from now (112) $1.00 = $0.91 today n You can use as a discount factor rate r in year n