4. Unequal project lives Aaa Aa Wizard Inc. has to choose between two mutually exclusive projects. If it chooses project A, Wizard Inc. will have the opportunity to make a similar investment in three years However, if it chooses project B, it will not to have the opportunity make a second investment. The following table lists the cash flows for these projects. If the firm uses the replacement chain (common life) approach, what will be the difference between the net present value (NPV) of project A and project B, assuming that both projects have a weighted average cost of capital of 10%? Cash Flow Project A Project B $20,000 $40,000 Year 0: Year 0: $11,000 $8,000 Year 1: Year 1 16,000 Year 2: $17,000 Year 2: $15,000 $16,000 Year 3: Year 3 $12,000 Year 4: $11,000 Year 5: $10,000 Year 6 O $15,708 O $14,137 O $10,210 O $17,279 O $12,566