USE EXCEL and show the steps on excel to solve this problem.

You are considering the following two mutually exclusive projects. The risk$-$adjusted discount rate for each project is $14$percent$.$ Whats the NPV for each project? Which project should you accept and what is the best reason for that decision? Show all your work.

Year

Project Romulus

Project Remus

$0$

$-46,000$

$-46,000$

$1$

$25,000$

$11,000$

$2$

$18,000$

$19,000$

$3$

$16,000$

$32,000$