10. (10 points) Wynn Resorts Inc. has money available for investment and is considering two projects each costing $17,500. Each project has a useful life of 3 years and no salvage value. The investment cash flows follow: Year 1 Year 2 Year 3 Project A $ 2, 000 7,000 10,000 Project B $7,000 7,000 7,000 Instructions a. Calculate the cash payback for each project. b. Using the net present value method (hint: use discount factors), compute the net present value for each project if 6% is an acceptable earnings rate. (Use tables from Appendix G.) c. Which project should be selected? Explain your