Question: Question 4 (25 Marks) Excellence Through Knowledge Limited (ETK) is considering two projects in Latin America. The initial capital outlay for each project is

Question 4 (25 Marks) Excellence Through Knowledge Limited (ETK) is considering two projects in Latin America. The initial capital outlay for each project is US $75,000. The cost of capital for the company is 9%. The cash flow for each project are detailed in the table below. Year Restaurant Landscaping $ $ Initial Outlay (75,000) (75,000) 12345 25,000 36,000 0 21,000 32,000 0 20,000 12,000 23,000 31,000
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