do not use excel. by hand.

2. You are evaluating two mutually exclusive projects. The cash flows for each are: Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Project A ($50,000) $25,000 $35,000 $20,000 Project B ($75,000) $24,000 $25,000 $30,000 $25,000 $15,000 $15,000 Assume that, if needed, each project is repeatable with no change in cash flows. Your cost of capital is 14%. a. Using the replacement chain approach, which project would you chose to invest in? Using the equivalent annual annuity approach, which project wo uld you chose to invest in? b