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Chapter 12 83,00 10. Smith Company is considering two projects. Smith requires a minimum rate of return of 6%. Project AL Project B Initial investment $500,000 $100,000 Annual cash flows $ 88,500 $ 34,320 Life of the project 10 years Depreciation per year $ 50,000 $ 25,000 4 years A.80500 * 7.360 661360 Present value of an Annuity of Si Periods 49 696 1 0.962 0.943 2 1.886 1.833 3 2.775 2.673 4 3.630 3.465 5 4.452 4.212 6 5.242 4.917 7 6.002 5.582 8 6.733 6.210 9 7.435 6.802 10 8.111 7.360 8% 0.926 1.783 2.577 3.312 3.993 4.623 5.206 5.747 6.247 6.710 10% 0.909 1.736 2.487 3.170 3.791 4.355 4.868 5.335 5.759 6.145 12% 0.893 1.690 2.402 3.037 3.605 4.111 4.564 4.968 5.328 5.650 14% 0.877 1.647 2.322 2.914 4.433 3.889 4.288 4.639 4.946 5.216 1B. 34320 x 3.465 A. B. C. What is the net present value for Project A? 651360- 500.000 2151360 What is the net present value for Project B? I/5919.5-160,000 -18919.9 Which project should be selected, and why? idorina investing in