Please solve it with details. Show all your work and calculations clearly.

1. Cash flows for projects F and G are given below. Cash Flows ($) Projec C Etc. +6,20 +5,20 +4,20 9,200 +1,84 +1,84 +1,84 +1,84 +1,84 9,200 The cost of capital is assumed to be 12%. Assume the forecasted cash flows for projects of this type are typically overstated. That is, each $1 in forecasted cash flows for periods C1 and later should be reduced by 6 cents based on prior experience. But a lazy financial manager, unwilling to take the time to either argue with the project's sponsors or to adjust the cash flows, instructs the managers to use a discount rate of 18% a. What are the projects' true NPVs? b. What are the NPVs at the 18% discount rate