Question: I need step-by-step explanation and answer to the question attached as image. Thank you! Investment A is a 1-year project that requires an investment of

I need step-by-step explanation and answer to the question attached as image.

Thank you!

I need step-by-step explanation and answer to the
Investment A is a 1-year project that requires an investment of $200,000 today and generates a positive cash-flow of $260,000 in exactly 1 year. Investment B is a 1-year project that requires an investment of $400,000 today and generates a positive cash flow of $500,000 in exactly 1 year. The investments are independent and NOT mutually exclusive. It you require a 28% return, which one or ones should you choose

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