10%, 112 3. Project A has time-varing spot rates as follows: rol 5%, 123 = 10%, 134 = 5%, r45 = 10%, 756 = 5%. Project B has time-varing spot rates as follows: roi = 5%, 112 = 10%, r23 = 5%, 134 = 10%, r45 = 5%, 756 = 10%. (So both projects mature at to.) (a) If both projects have same initial investment at to and an identical single payment at te. Which project has higher net present value? (b) Suppose Project A has cash flows G =C3 = C5 = $1000 and C2 = CA = C6 = $2000, and Project B has cash flows C = Cz = C5 = $2000 and C2 = CA = Co = $1000. Project A and Project B have same initial investment. Then which project has higher net present value