Question: PLEASE SHOW WORK. Project S costs $16,000 and its expected cash flows would be $6,000 per year for 5 years. Mutually exclusive Project L costs

PLEASE SHOW WORK. Project S costs $16,000 and its expected cash flows would be $6,000 per year for 5 years. Mutually exclusive Project L costs $42,500 and its expected cash flows would be $9,350 per year for 5 years. If both projects have a WACC of 13%, which project would you recommend?

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