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1) Problem #1: (4 points) Show your work.... Three different projects are being evaluated by ACE, Inc. for potential implementation by their engineering department. The following table provides information on these projects. Item (Description) Project A Project B Project Project Investment $10,000 $20,000 $30,000 Expected Annual Benefit $2,750 $5,000 $7,500 Useful Life, in Years 10 10 10 Salvage Value $1,250 $2,500 $5,000 Which of these engineering initiatives would be the first one for consideration if the hurdle rate defined by engineering was 20%