A company has the choice of one of two projects. each with a life span of 4 years and requiring an initial investment of £6.000. Select the best project by using the net present value technique at a discount rate of 10%. The net cash flows for the two projects are:

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Year Project A Project B 1234 2,000 4,000 3,000 3,000 3,000 3,000 4,000 1,000