Dora Inc. is considering two mutually exclusive projects. Dorati used a 15% required rate of return to evaluate capital expenditure projects. Assuming the two projects have the costs and cash flows shown below, determine the NPV for each using a replacement chain Year 0 1 2 3 4 Projects --$70,000 $50,000 $60,000 Project - $100,000 $ 60,000 $ 70,000 $ 80,000 $ 90,000 Assume in two years Projects will still cost $70,000 and produce the same two years of cash flows. a. NPV, $14,690: NPV = $109,240 Ob, NPV, $40,020: NPV = $109,240 Oc. NPV, $8,860: NPV = $109,240 ad. None of these choices are correct