Your company is considering two mutually exclusive projects. Both projects require an initial investment of R12 000 and are typical average-risk projects for the company. Project A has an expected life of 2 years with after-tax cash inflows of R8 000 and R10 000 at the end of Years 1 and 2, respectively. Project B has an expected life of 4 years with after-tax cash inflows of R5 000 at the end of each of the next 4 years. The company's WACC for project A is 10% and 12% for project B. Required: 2.1. If the projects cannot be repeated, which project should be selected if the company uses NPV as its criterion for project selection? 2.2. Assume that the projects can be repeated and that there are no anticipated changes in the cash flows. Use the replacement chain analysis to determine the NPV of the project selected. Which project should be accepted