Question: Which mutually exclusive project would you select, if both are priced at $2000 and your discount rate is 8%: Project A with three annual cash

Which mutually exclusive project would you select, if both are priced at $2000 and your discount rate is 8%: Project A with three annual cash flows of $1,500; or project B, with 3 years of zero cash flow followed by 3 years of $2000 annually?

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