Problem 2: Project A and B both require a $20,000 initial investment and have projected cash inflows as follows: Year 1 After-Tax Cash Inflows Project A Project B $10,000 $7,000 $ 8,000 $7,000 $ 6,000 $7,000 $ 4,000 $7,000 2 3 4 a. Calculate each project's net present value if the opportunity cost is 12 percent. b. Calculate the internal rate of return for each project. c. Should either project be rejected if they are independent? d. Which project should be selected if they are mutually exclusive