MUT a private college that needs to install a new electronic student registration system. They are considering two mutually exclusive projects

with equal useful lives. System SEN will meet all the college's requirements, and system CAM, which costs more to implement, will have

greater earnings potential because of its features. The table below gives the financial figures for each investment project. System sen$,$

Initial Investment R$55000$

Project useful life $5$ years

Project cash inflows

Year $1$ R$11000,$year $2$ R$20000,$ year $3$ R$22000$

$4$ R$22000$

$5$ R$19000$

System CAM, initial investment R$70000,$ project useful life $5$ years, project cash inflows, year $1$ R$18000,$ year $2$ R$22500$ year $3$ R$24000,$ year $4$ R$24500,$ year $5$ R$26000$

The cost of capital is $15\%.$

With reference to the information provided, which project would you select based on the NPV criteria?

A$.$ System CAM $,$ B$.$ System sen $,$ C$.$ All of the project's or none of the above