Your company is considering two mutually exclusive projects - Cand R- whose costs and cash flows are shown in the following table: Year 0 1 2 3 4 Expected net cash flows Project Project R S(14,000) S(22.840) 8,000 8,000 6,000 8,000 2,000 8,000 3,000 8,000 The projects are equally risky, and their required rate of return is 12 percent. You must make a recommendation concerning which project should be purchased. To determine which is more appropriate, compute the NPV of each project, Artal . 3 (12pt T