Question: Show what equations was used and explain how to solve please. 3) Consider two projects A and B. Each project requires an initial investment of

 Show what equations was used and explain how to solve please.

Show what equations was used and explain how to solve please.

3) Consider two projects A and B. Each project requires an initial investment of $ 800.00. The annual cash flow of each project is $ 400.00. The lives of these projects are random variables with the following probability distributions:Find the E[NPV] and Var[NPV] of these projects and then select the 'best? project. based on E [NPV] and Var [NPV]. Use MARR = 15%

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