2. Suppose you work for a technology company, and you are considering two independent phone projects, with the following cash flows. The required return for both is 8 percent. Calculate both NPVs and decide if you should accept project A, project B, both projects, or neither project: (5 marks) Year iPhone A 0 $ -900,000 1 $ 300,000 2 $ 400,000 3 $ 500,000 1 iPhone B $ -110,000 $ 45,000 $ 50,000 $ 50,000