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.
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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