3. (40 points) You are given with the following information of two projects planned by your company. Each cash ow per year shown in Table 1 represents the cash ow at the m of each year during the project. For instance, for project A, the cash flow as 613 in rst year is expected at the end of the Year 1. The initial outlays for the projects are paid out by installments with regular payments as 1.1 million at the beginning of each