Question $1($Mandatory$)(1$ point$)$

A company facing an interest rate of $8\%$ must choose among projects offering the following four$-$year cash flows. If the company is employing the net present value criterion, which project should they choose?

$$5,000$ in year $1$;$$5,000$ in year $2$;$$25,000$ in year $3$ ; and $$25,000$ in year $4$

$$25,000$ in year $1$;$$15,000$ in year $2$;$$10,000$ in year $3$ ; and $$5,000$ in year $4$

$$5,000$ in year $1$;$$5,000$ in year $2$;$$20,000$ in year $3$ ; and $$30,000$ in year $4$

$$15,000$ in year $1$;$$15,000$ in year $2$;$$15,000$ in year $3$ ; and $$15,000$ in year $4$