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17. (Ignore income taxes in this problem.) Lafayette Co. is analyzing various possible investment opportunities. And the firm has resources only for one project Project

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17. (Ignore income taxes in this problem.) Lafayette Co. is analyzing various possible investment opportunities. And the firm has resources only for one project Project P $30,000 Project $36,000 Project R Project S $54,000 $45,000 Project T $50,000 Cost of investment Net cash flow Year 1 Year 2 Year 3 Year 4 Year 5 12,000 12,000 12.000 -0- -0- 3,000 14,000 14,000 18,000 -0- 4,000 16,000 20,000 30,000 50,000 24,000 8,000 6,000 4,000 2.000 15,000 15,000 15,000 10,000 10,000

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