=+1 Proast ple is considering two investment projects whose cash flows are:

1973379)E Points in time (yearly intervals)

Project A Project B 0

-120,000

-120,000 1

60,000 15,000 2

45,000 45,000 3

42,000 55,000 4

18,000 60,000 The company's required rate of return is 15 per cent.