Show your steps

First write the formula

Second, substitute the numbers into formula

Third, say what is left to compute

Fourth, compute

(Do not use Excel to Compute)

Question 1 For question 1, use the following cash flows for projects A and B: A: (-$2,000, $500, $600, $700, $800) B: (-$2,000, $950, $850, $400, $300) (15) If the discount rate is 12%, and A and B are mutually exclusive, which project should be accepted? (1.6) At what discount rate will we be indifferent between A and B