14 The cash flow projections for the two business cases are provided. Select the correct choice(s) from the given options. * Years Cash Flow (Project 1) Years 0 $ -30,000 0 Cash Flow (Project 2) $-120,000 1 $1,200 1 $ 25,000 2 $1,500 2 $ 32,000 3 $15,000 3 $ 18,000 4 $20,000 4 $ 98,000 5 $25,000 5 $ 10,000 IRR 20% IRR NPV PV Benefit-Cost Ratio $12,784 ($15,523) Unavailable NPV 15% $15,842 Payback Period PV Benefit-Cost Ratio 12 months Payback Period ($6,209) 1.88 48 months A The IRR for project 1 is 20% and for project 2 is 11%. B The opportunity cost of selecting Project 2 is $12,784. The NPV for project 1 is $15,842 and for project 2 is $12,784. D The benefit-cost ratio for project 1 is 1.79 and for project 2 is 1.88. E The payback period of project 1 is 48 months and for project 2 is 12 months.