4 pts Question 18 Your firm is considering four projects that are mutually exclusive. Each project has an initial up front cost as indicated along with anticipated cash flows and a risk adjusted cost of capital. Which of the following projects should be selected? Initial cost of $18,000 with annual cash flows of $4,500 for five years. Cost of Capital is 7.6% Initial cost of $20,000 with annual cash flows of $6,000 for five years. Cost of Capital is 7.2% Initial cost of $12,000 with annual cash flows of $4,000 for five years, Cost of Capitalis 8.0% Initial cost of $15,000 with annual cash Hows of $4,000 for five years. Cost of Capital is 70% Previous Next