3. A company is considering the projects given in Table 2.15. Table 2.15 Cash flow for two competing projects. End of year Project A Project B 0 Investment ($) Net cash inflows ($) 1 2 3 4 5 210,000 70,000 70,000 70,000 70,000 70,000 50,000 20,000 20,000 20,000 20,000 20,000 For both projects, calculate the following: a. The payback time for each project in terms of the average annual cash flow b. The net present value at the current lending interest rate of 10% c. The discounted cash flow rate of return. On the basis of a comparison of these three measures, which project would you prefer? Explain your decision