4. A financial manager is considering investing in three projects. The cash flows for each project are shown in the table below. The firm's cost of capital is 14%. 15 points (5 points per part) Project A Project B Project C Initial Investment $75,000 $75,000 $75,000 Year Net Cash Flows 1 $35,000 $25,000 $1,000 2 $35,000 $25,000 $15,000 3 $25,000 $25,000 $25,000 4 $15,000 $25,000 $35,000 5 $1,000 $25,000 $35,000 Round all answers to 2 decimal places. (a) Calculate each project's net present value (NPV). Which project is preferred based on NPV? Why? (b) Calculate each project's internal rate of return (IRR), Which project is preferred based on IRR? Why? (c) Comment on your findings in parts (a) and (b). Did the NPV and IRR analysis indicate the same preferred project? Why or why not