QUESTION 5 The cash flows for two projects, A and B, are shown in the table below. Notice that Project A has a life of 3 years and Project B has a 2-year life. Use the replacement chain approach to calculate the NPV of each project over a common life- span. What is the NPV of the Project A chain minus the NPV of the Project B chain? Assume that the cost of capital is 8%. Project CFS Project CFS Time A B 0 -150 -104 1 66 66 2 66 66 3 66 0 NPV $20.09 $13.70 a. $0.49 b. $0.47 c. $0.52 d. $0.50 e. $0.45